Recap Similar to Dow, NQ collapsed to Y-1 early in the week and bounced right off. NQ, however, is so strong after Apple’s announcement on its new products, that the cash index actually made a new high althought the switched over Jun contract has not printed a new high on the continuous chart shown.
Outlook Based on continuous chart, as long as Y+1 to B+1 is acting as resistance, B-0 and the gap below in the chart is in play.
Lawrence's Comment
Recap
Y-0 resistance sent Euro lower. Y-1 not strong support as explained last time. Euro found support after 100% absolute range expansion to the down side. Strong bounce back up ...
Lawrence's Comment
Recap
Spike high followed by strong reaction back down below Y+1. Consolidation play with 50% range as expected. Closed the week above Y-0 and near week low.
Outlook
Y-0 is still in ...
Nasdaq 100 Mar 12 to Mar 16 Outlook
Lawrence’s Comment
Similar to Dow, NQ collapsed to Y-1 early in the week and bounced right off. NQ, however, is so strong after Apple’s announcement on its new products, that the cash index actually made a new high althought the switched over Jun contract has not printed a new high on the continuous chart shown.
Outlook
Based on continuous chart, as long as Y+1 to B+1 is acting as resistance, B-0 and the gap below in the chart is in play.
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