Recap Unlike Dow and S&P NQ zoomed straight up to tag Y+2 as Apple continues its march to new high almost everyday. Closed the week above Y+2 and midpoint.
Outlook Expanding range 4 weeks in a row with NQ points to consolidation potential. B+1 resistance will give us Y+1 / B-0 easily. Holiday mode trading this week means lower volume, more intraday fake outs. Traders need to adjust their stops to accommodate this envrionment if one choose to trade duing this time of the year.
Lawrence's Comment
Recap
Pullback as expected but not the consolidation type. First move back down to Y-0 pierced thru decisively triggered the Y-1 target. Eventually price moved near Y-1 and bounced. Closed ...
I was asked a question in my real-time chatroom about the 3-Day Pattern Odds Reports. Specifically if there is something wrong with the tables for Dow, S&P500, Nasdaq 100 and ...
Lawrence's Comment
Recap
Y-0 support gave us up drift to B+2. Reaction to FOMC meeting swinged NQ back down to Y-0. Closed the week near Y-0 and below midpoint.
Outlook
B-0 / ...
Nasdaq 100 Dec 01 to Dec 05 Outlook
Lawrence’s Comment
Unlike Dow and S&P NQ zoomed straight up to tag Y+2 as Apple continues its march to new high almost everyday. Closed the week above Y+2 and midpoint.
Outlook
Expanding range 4 weeks in a row with NQ points to consolidation potential. B+1 resistance will give us Y+1 / B-0 easily. Holiday mode trading this week means lower volume, more intraday fake outs. Traders need to adjust their stops to accommodate this envrionment if one choose to trade duing this time of the year.
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