Recap As expected it is not that easy to smack down NQ. Consolidated around Y+1 most of the week and then popped higher with a gap. Closed the week above Y+1 and midpoint.
Outlook Tight range week. An FBO against B+1 can be explosive for a drop back down to B-3. As long as B-1 is not cleared, NQ can continue to drift higher until more shorts are cleaned out.
Lawrence's Comment
Recap
As stated in my newsletter to my premium members, an average of 2% drop is expected in December before year end rally can happen. And here we are, having ...
Nasdaq 100 Oct 28 to Nov 01 Outlook
Lawrence’s Comment
As expected it is not that easy to smack down NQ. Consolidated around Y+1 most of the week and then popped higher with a gap. Closed the week above Y+1 and midpoint.
Outlook
Tight range week. An FBO against B+1 can be explosive for a drop back down to B-3. As long as B-1 is not cleared, NQ can continue to drift higher until more shorts are cleaned out.
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