Recap NQ found support overnight before Monday open and rallied straight up since. This move caught many people by surprise and further fueled the run to clear Y-0 quickly, giving us a go for Y+1. Closed the week near Y+1 and week high.
Outlook Outside reversal week usually leads to bullish outcome. But this time, the run was the result of unusual circumstances, hence a sharp pullback is likely if we get FBO against B+1. Holiday week points to lower volume and consolidation actions around B+1.
Lawrence's Comment
Recap
Bearish expectation worked out nicely. Extreme volatility driving traders to the edge. Closed the week near Y-4 and below midpoint.
Outlook
Potential daily down channel in the making if ...
Lawrence's Comment
Recap
Slided down to B-2 without a fight. Then bear flag up drift back to Y+1. Could not clear the resistance and flushed back down to week low. Closed the ...
Nasdaq 100 Nov 23 to Nov 27 Outlook
Lawrence’s Comment
NQ found support overnight before Monday open and rallied straight up since. This move caught many people by surprise and further fueled the run to clear Y-0 quickly, giving us a go for Y+1. Closed the week near Y+1 and week high.
Outlook
Outside reversal week usually leads to bullish outcome. But this time, the run was the result of unusual circumstances, hence a sharp pullback is likely if we get FBO against B+1. Holiday week points to lower volume and consolidation actions around B+1.
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