Recap NQ held Y-0 and lifted higher to Y+1. Consolidated right under Y+1 until FOMC announcement. Since then breakout upside until 4900 round # was tagged. Closed the week above Y+1 and midpoint.
Outlook Up trend line strong support until proven otherwise. Retest of B+1 likely aslong as Y+1 / B-0 zone support holds.
Lawrence's Comment
Recap
Weakening of USD across all other majors forced ninja to go sideway. Y-0 test from above confirmed support and Y+1 tagged after. Consolidation since. Closed the week above Y-0 ...
Notice how the Tick16 indices turning back up while the 3-day advance issues moved down. Again, the long term sell trigger I was looking for failed to show up this ...
Overview
Emini overnight range 1836.25 up to 1876.00
Overnight Midpoint 1856.00
Current Week Mid 1850.00
Emini S&P is now trading at the top part of its range with a small gap ...
Nasdaq 100 Sep 26 to Sep 30 Outlook
Lawrence’s Comment
NQ held Y-0 and lifted higher to Y+1. Consolidated right under Y+1 until FOMC announcement. Since then breakout upside until 4900 round # was tagged. Closed the week above Y+1 and midpoint.
Outlook
Up trend line strong support until proven otherwise. Retest of B+1 likely aslong as Y+1 / B-0 zone support holds.
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