Recap NQ held Y-0 and lifted higher to Y+1. Consolidated right under Y+1 until FOMC announcement. Since then breakout upside until 4900 round # was tagged. Closed the week above Y+1 and midpoint.
Outlook Up trend line strong support until proven otherwise. Retest of B+1 likely aslong as Y+1 / B-0 zone support holds.
Lawrence's Comment
Recap
Started the week holding Y-0. Upside breakout tagged target Y+2 and stalled. Struggled to hold Y+1 since. Closed the week above Y+1 and near midpoint.
Outlook
1.13 and above ...
Lawrence's Comment
Recap
Completely failed to see what was coming last week. NFP bias worked out well last week even though signs of over extension was in place. Dow held Y-0 and ...
Lawrence's Comment
Recap
Dow gapped down to longer term critical support level and rallied from there since. Although Dow has tried hard to push higher it did not get Y-0 at the ...
Nasdaq 100 Sep 26 to Sep 30 Outlook
Lawrence’s Comment
NQ held Y-0 and lifted higher to Y+1. Consolidated right under Y+1 until FOMC announcement. Since then breakout upside until 4900 round # was tagged. Closed the week above Y+1 and midpoint.
Outlook
Up trend line strong support until proven otherwise. Retest of B+1 likely aslong as Y+1 / B-0 zone support holds.
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