Recap Bearish pattern played out with Y-1 tagged. Violent reactions to Y-1 zone led to complete reversal making new high for the week. Closed the week near Y-0 and above midpoint.
Outlook B-0 / Y-0 potential platform for slingshot move to clear Y+1 / B+2. Yet once B-0 is breached there is not much support until B-2 and below.
Lawrence's Comment
Recap
Aussie rushed to Y+2 and rejected decisively. Dropped back down to Y-0 and bounced. Failed to clear the breakout boundary since. Closed the week near Y-0 and below midpoint.
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Lawrence's Comment
Recap
The rare scenario unfolded. Gapped to Y+2 indeed. And stuck there since.
Outlook
Breakout mode.
Breaking below previous week low points to gap fill target at previous year close.
Breaking ...
Nasdaq 100 Sep 05 to Sep 09 Outlook
Lawrence’s Comment
Bearish pattern played out with Y-1 tagged. Violent reactions to Y-1 zone led to complete reversal making new high for the week. Closed the week near Y-0 and above midpoint.
Outlook
B-0 / Y-0 potential platform for slingshot move to clear Y+1 / B+2. Yet once B-0 is breached there is not much support until B-2 and below.
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