Recap A drop to Y-2 before NQ can stop, checked. A squeeze back up to Y-0, checked. NQ was the well behaving one last week. Post FOMC swing up to Y+1 completing the move and stalled since. Closed the week above Y-0 and midpoint.
Outlook Outside week. Completion of the pullback and reversal back to Y+1 all within a week. Consolidation after such big swings is expected. Wild swings between B+1 and B-0 likely.
Nasdaq 100 Sep 22 to Sep 26 Outlook
Lawrence’s Comment
A drop to Y-2 before NQ can stop, checked. A squeeze back up to Y-0, checked. NQ was the well behaving one last week. Post FOMC swing up to Y+1 completing the move and stalled since. Closed the week above Y-0 and midpoint.
Outlook
Outside week. Completion of the pullback and reversal back to Y+1 all within a week. Consolidation after such big swings is expected. Wild swings between B+1 and B-0 likely.
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