Recap Nasdaq is the week one out of the 3 indices this past week. As pointed out last week, NQ has strong resistance at Y-0. Thus after tagging that, NQ was the only one that sold off all the way back down to test Y-1 before taking off. Closed the week at its high and above Y-0.
Outlook A strong base is formed. May not have a lot of upside this week. Tagging B+2 is probably the cap.
Consolidation between B-0 upto B+1 this coming week will be very bullish sign that a powerful rally is on its way early next year.
Lawrence's Comment
Recap
Consolidated around previous week close. Took out Y+1 as expected from the slight upside bias. Closed the week below midpoint and above Y-0.
Outlook
Y-0 next tell tale zone. Rejection of ...
Lawrence's Comment
Recap
Aussie consolidated around the breakout zone mentioned last week first. Then moved to the downside confirming the weakness. Since then Y-0 acted as resistance and gave us a move ...
Nasdaq 100 Dec 26 to Dec 30 Outlook
Lawrence’s Comment
Nasdaq is the week one out of the 3 indices this past week. As pointed out last week, NQ has strong resistance at Y-0. Thus after tagging that, NQ was the only one that sold off all the way back down to test Y-1 before taking off. Closed the week at its high and above Y-0.
Outlook
A strong base is formed. May not have a lot of upside this week. Tagging B+2 is probably the cap.
Consolidation between B-0 upto B+1 this coming week will be very bullish sign that a powerful rally is on its way early next year.
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