Recap Not only did Nasdaq rally backup, it gapped thru the open gap established the week before and then sold off to fill that from above. Later in the week, NQ simply breakdown and made a new low by close of Friday.
Outlook The interesting thing with NQ is that it is still trading within the range 2100 to 2350. Breaking below 2100 and that turning into resistance can cause a quick flush down to B-3.
Short of that, it is more likely NQ will bounce off 2100 area.
Lawrence's Comment
Recap
More news feeding out from Japan government and BOJ sent ninja to the long term resistance upper zone of 88. Closed the week above Y+2 and near ...
Lawrence's Comment
Recap
Forced test of Y+1 and above worked out as expected. Y-0 support for Y+2 target also worked out. Closed the week above Y+1 and midpoint.
Outlook
As long as ...
Lawrence's Comment
Recap
No extra intervention, so euro has to return to where the breakout started around Y-1. Closed the week at midpoint.
Outlook
No strong directional bias building up.
Slight edge for ...
Nasdaq 100 Oct 03 to Oct 07 Outlook
Lawrence’s Comment
Not only did Nasdaq rally backup, it gapped thru the open gap established the week before and then sold off to fill that from above. Later in the week, NQ simply breakdown and made a new low by close of Friday.
Outlook
The interesting thing with NQ is that it is still trading within the range 2100 to 2350. Breaking below 2100 and that turning into resistance can cause a quick flush down to B-3.
Short of that, it is more likely NQ will bounce off 2100 area.
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