Recap Unlike Dow, no strong pullback registered. As expected, NQ is the strongest of the 3 indices hence it consolidated around Y+1 area. Closed the week near week mid and Y+1.
Outlook If there is no catalyst forcing NQ to drop suddenly and quickly, year high retest (B+1) is likely.
Failing to go higher after that will allow a bigger pullback to happen on weekly.
A collection of the time based statistical biases often mentioned in real-time commentaries on trading S&P 500 related instruments (e.g. e-mini S&P, SPY, etc.). A useful reference if you are ...
Lawrence's Comment
Recap
Y-0 resistance sent Aussie down to Y-1 and the original down side target. Y-1 turning into resistance gave way to Y-2. Closed the week below Y-2 and at week ...
Nasdaq 100 Mar 26 to Mar 30 Outlook
Lawrence’s Comment
Unlike Dow, no strong pullback registered. As expected, NQ is the strongest of the 3 indices hence it consolidated around Y+1 area. Closed the week near week mid and Y+1.
Outlook
If there is no catalyst forcing NQ to drop suddenly and quickly, year high retest (B+1) is likely.
Failing to go higher after that will allow a bigger pullback to happen on weekly.
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