Recap B+1 resistance together with low volume gave us consolidation actions all week. Closed the week near Y+1 and above midpoint.
Outlook Sideway actions with a weak upside triangle formation points to potential upside breakout for Y+2. Such actions can be the making of a blow off top.
Lawrence's Comment
Recap
Out of a rare event, we get rare price actions. Out of last week's rare price actions and price patterns, however, the behaviour matches the small number of ...
Lawrence's Comment
Recap
Tried so hard to hold the 78 zone, including a news shock mid-week to breakout above Y+1. Yet, US NFP report has re-ignited the QE3 rumor and ...
Nasdaq 100 Aug 15 to Aug 19 Outlook
Lawrence’s Comment
B+1 resistance together with low volume gave us consolidation actions all week. Closed the week near Y+1 and above midpoint.
Outlook
Sideway actions with a weak upside triangle formation points to potential upside breakout for Y+2. Such actions can be the making of a blow off top.
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