Recap Unlike Dow, NQ gave a strong performance last week and completed its upside break out target at Y+4 based on monthly. Closed the week near the high.
Outlook A pullback is due. Topping between B+1 to Y+5 will give us the potential downside target of B-0.
Decision will have to be made at B-0, depending on reaction at that price level.
Lawrence's Comment
Recap
Dow consolidated around Y-0 until FOMC announcement. After announcement Dow rushed to 100% absolute range expansion target and stalled from there. Closed the week above Y-0 and near midpoint.
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Lawrence's Comment
Recap
Y-0 resistance dropped ES down to 100% range expansion target and spike reversal from there thanks to rumors about Greece. Then ES tested previous resistance zone and collapse right ...
Nasdaq 100 Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Unlike Dow, NQ gave a strong performance last week and completed its upside break out target at Y+4 based on monthly. Closed the week near the high.
Outlook
A pullback is due. Topping between B+1 to Y+5 will give us the potential downside target of B-0.
Decision will have to be made at B-0, depending on reaction at that price level.
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