Recap Flushed in afterhours and Y-1 turned into support by the time market opens in regular hours. NQ bottomed out from there and rallied to close the week near its high of the range.
Outlook Inside week after 2 huge range weeks is not unexpected. The difficult question is where do we go from here.
Within 50 points above B+1 there are so many resistance price levels it is difficult to ride the long side.
Next week is also the week before a long weekend and last week of summer holiday for schools. Expect lower volume and potentially 2nd week of inside week.
Lawrence's Comment
Recap
The less likely scenario happened after a quick break below Y-1, cable bounced back above that quickly. That set the stage to rally back to Y+1. We ...
Lawrence's Comment
Recap
Has been talking about this 86-88 long term target for months. Finally there thanks to the new government. Closed the week above Y+3.
Outlook
Long term bias to move ...
Nasdaq 100 Aug 29 to Sep 02 Outlook
Lawrence’s Comment
Flushed in afterhours and Y-1 turned into support by the time market opens in regular hours. NQ bottomed out from there and rallied to close the week near its high of the range.
Outlook
Inside week after 2 huge range weeks is not unexpected. The difficult question is where do we go from here.
Within 50 points above B+1 there are so many resistance price levels it is difficult to ride the long side.
Next week is also the week before a long weekend and last week of summer holiday for schools. Expect lower volume and potentially 2nd week of inside week.
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