Recap NQ was the odd one out as it kept dropping due to the selloff in Google and Apple. After 3 pushes down and 100% absolute range expansion, NQ found its support near Y-3 and zoomed back up. The gap above Y-1 created a squeeze to equal distance above Y-1. Closed the week above Y-0 and near week high.
Outlook Many shorts are trapped and they are now the eager buyers. Strong support below Y-0 down to Y-1. Holiday mode with high volatility is a formula for big range and fake outs.
Lawrence's Comment
Recap
Ninja held Y-0 and rallied as expected. Disappointed though that it failed to tag Y+2. Could not even make it to 100% absolute range expansion. Closed the week at ...
Lawrence's Comment
Recap
The other easy play of the week. Bear flag broken, sending Aussie straight down to target and bounced. Closed the week above Y-0 and midpoint.
Outlook
Support tested and ...
Nasdaq 100 Dec 22 to Dec 26 Outlook
Lawrence’s Comment
NQ was the odd one out as it kept dropping due to the selloff in Google and Apple. After 3 pushes down and 100% absolute range expansion, NQ found its support near Y-3 and zoomed back up. The gap above Y-1 created a squeeze to equal distance above Y-1. Closed the week above Y-0 and near week high.
Outlook
Many shorts are trapped and they are now the eager buyers. Strong support below Y-0 down to Y-1. Holiday mode with high volatility is a formula for big range and fake outs.
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