Recap The squeeze scenario played out. NQ stalled at the target zone.
Outlook B-0 will be tested early next week. Failure to hold above B-0 points to eventually filling at least 1 of the gaps below. On weekly basis, NQ is testing the year high zone. If the coming week fails to close above the first quarter high, we have a w. upthrust in place, pointing to serious downside risk.
Lawrence's Comment
Recap
As mentioned last week, cable has little room for pullback if it is really going higher. Well, the bullish pattern gave cable enough strength to consolidate around Y-0. Closed ...
Lawrence's Comment
Recap
Pretty much behaved exactly like Dow. Closed the week near week high and Y+2.
Outlook
The IHS in place that is visible on 30-min and hourly points to a run to ...
Nasdaq 100 May 02 to May 06 Outlook
Lawrence’s Comment
The squeeze scenario played out. NQ stalled at the target zone.
Outlook
B-0 will be tested early next week.
Failure to hold above B-0 points to eventually filling at least 1 of the gaps below.
On weekly basis, NQ is testing the year high zone. If the coming week fails to close above the first quarter high, we have a w. upthrust in place, pointing to serious downside risk.
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