Recap Consolidation week with very thin volume. 50% previous week range bounded the activities. Closed the week above Y+1 and midpoint.
Outlook Tight range week points to breakout mode in play. B+3 and B-3 are the targets. B-3 aligned with the open gap below is a strong magnet. See comments on Dow regarding the market breadth readings.
Lawrence's Comment
Recap
Rallied to target zone 1350 and stalled. Closed the week at midpoint.
Outlook
Out of the 3 major indices, S&P is the weakest.
Breaking below B-1 points to a test ...
Lawrence's Comment
Recap
Y-1 held sending ninja back up to Y-0 and then Y+1. Y-0 support since helping ninja to retest and complete measured move on weekly to the upside. Closed the ...
Nasdaq 100 May 25 to May 29 Outlook
Lawrence’s Comment
Consolidation week with very thin volume. 50% previous week range bounded the activities. Closed the week above Y+1 and midpoint.
Outlook
Tight range week points to breakout mode in play. B+3 and B-3 are the targets. B-3 aligned with the open gap below is a strong magnet. See comments on Dow regarding the market breadth readings.
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