Recap As expected it is not that easy to smack down NQ. Consolidated around Y+1 most of the week and then popped higher with a gap. Closed the week above Y+1 and midpoint.
Outlook Tight range week. An FBO against B+1 can be explosive for a drop back down to B-3. As long as B-1 is not cleared, NQ can continue to drift higher until more shorts are cleaned out.
Lawrence's Comment
Recap
Gapped down to Y-1 yet Y-1 did not act as resistance nor support. That told us higher timeframes (comparing to weekly) at work. NQ was the one that ...
The reversal dates based on the 19-year solar lunar cycle (Chinese calendar cycle) have been quite accurate for years since I first observed the behaviour some 20 years ago. Many ...
Nasdaq 100 Oct 28 to Nov 01 Outlook
Lawrence’s Comment
As expected it is not that easy to smack down NQ. Consolidated around Y+1 most of the week and then popped higher with a gap. Closed the week above Y+1 and midpoint.
Outlook
Tight range week. An FBO against B+1 can be explosive for a drop back down to B-3. As long as B-1 is not cleared, NQ can continue to drift higher until more shorts are cleaned out.
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