Recap Just like Dow, everything was pointing to lower prices, yet Y-1 was rejected forcefully in the beginning of the week. That gave us a clue that there is the potential of challenging Y+1 in the making. Then the news shock simply gave the bulls an excuse to clear the resistance and pushed to new high for the year. Closed the week near week high and above Y+2.
Outlook New year high in place. A retest of the old one is likely so consolidation with downside bias down to Y+1 is in play.
Lawrence's Comment
Recap
Tight range choppy mess as expected and the projected move to near 120 happened twice. Closed the week above Y+1 and midpoint.
Outlook
The BOJ intention is clear, they ...
Following is a table of accumulated gap value organized by year. Total column shows the accumulated value where you buy the day close and sell at next ...
Nasdaq 100 Sep 10 to Sep 14 Outlook
Lawrence’s Comment
Just like Dow, everything was pointing to lower prices, yet Y-1 was rejected forcefully in the beginning of the week. That gave us a clue that there is the potential of challenging Y+1 in the making. Then the news shock simply gave the bulls an excuse to clear the resistance and pushed to new high for the year. Closed the week near week high and above Y+2.
Outlook
New year high in place. A retest of the old one is likely so consolidation with downside bias down to Y+1 is in play.
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