Recap Upside triangle mentioned last week broken down to the downside and never recovered above the resistance line. Collapsed 120+ points to Y-4 and closed the week at week low.
Outlook Extreme range expansion likely leads to wild sideway actions. 2-way market is good for daytrading but not good for swing setup.
Looking for 50% range of previous week around B-1.
Lawrence's Comment
Recap
Drifted up as expected, except that shock caused by euro broken down. Closed the week at midpoint.
Outlook
A new year means a new initiation process starting this week. ...
Nasdaq 100 May 21 to May 25 Outlook
Lawrence’s Comment
Upside triangle mentioned last week broken down to the downside and never recovered above the resistance line. Collapsed 120+ points to Y-4 and closed the week at week low.
Outlook
Extreme range expansion likely leads to wild sideway actions. 2-way market is good for daytrading but not good for swing setup.
Looking for 50% range of previous week around B-1.
Share