Recap As mentioned last week, following the Non-Farm Payroll week bias worked out great. Dow bottomed out on Monday and not even pullback to Y-0. Then exploded to the upside and we got Y+2 before NFP Friday. Friday sold off in the morning but the drop was short lived. Closed the week near week high and Y+2.
Outlook The 2 trading days following NFP are usually weak, especially after such strong weekly close. It is reasonable to expect consolidation below B+1 and even a pullback to Y-0 is possible this week.
Lawrence's Comment
Recap
NQ pushed higher but mainly in consolidation mode. Closed the week near Y+1 and midpoint.
Outlook
NQ consolidation at the top of the rally points to more upside potential. ...
Lawrence's Comment
Recap
Tried very hard to form a low above the support zone mentioned last week yet failed to do so. Landing at the target zone finally resulted in extreme ...
Dow 30 Mar 11 to Mar 15 Outlook
Lawrence’s Comment
As mentioned last week, following the Non-Farm Payroll week bias worked out great. Dow bottomed out on Monday and not even pullback to Y-0. Then exploded to the upside and we got Y+2 before NFP Friday. Friday sold off in the morning but the drop was short lived. Closed the week near week high and Y+2.
Outlook
The 2 trading days following NFP are usually weak, especially after such strong weekly close. It is reasonable to expect consolidation below B+1 and even a pullback to Y-0 is possible this week.
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