Recap NQ zoomed higher to Y-0 and held there for the FOMC announcement. That alone opened the door to Y+1. Post announcement, NQ immediately tagged the target and by op-ex Friday it zoomed to 100% range expansion target. Closed the week above Y+1 and midpoint.
Outlook Consolidation likely as the market shock has left too many pockets below. An orderly pullback will give us a drop back down to B-0, say, over the course of a week. If the wide moves continue, we may see price jumps back down to Y-0 through gaps again.
Lawrence's Comment
Recap
Aussie struggled above Y-1 initially. Found strength from gold pop leading to a run back to crime scene. Did not even get to Y-0 and stalled. Retest of Y-1 ...
Lawrence's Comment
Recap
My favourite pair giving us the easiest play for the week again. Pullback back to Y-0 and found support. Took off higher all the way to Y+3. Closed the ...
Nasdaq 100 Mar 23 to Mar 27 Outlook
Lawrence’s Comment
NQ zoomed higher to Y-0 and held there for the FOMC announcement. That alone opened the door to Y+1. Post announcement, NQ immediately tagged the target and by op-ex Friday it zoomed to 100% range expansion target. Closed the week above Y+1 and midpoint.
Outlook
Consolidation likely as the market shock has left too many pockets below. An orderly pullback will give us a drop back down to B-0, say, over the course of a week. If the wide moves continue, we may see price jumps back down to Y-0 through gaps again.
Share