Recap Nasdaq is the week one out of the 3 indices this past week. As pointed out last week, NQ has strong resistance at Y-0. Thus after tagging that, NQ was the only one that sold off all the way back down to test Y-1 before taking off. Closed the week at its high and above Y-0.
Outlook A strong base is formed. May not have a lot of upside this week. Tagging B+2 is probably the cap.
Consolidation between B-0 upto B+1 this coming week will be very bullish sign that a powerful rally is on its way early next year.
Lawrence's Comment
Recap
As oppose to make a move like Loonie, Aussie, or even Cable. Euro snapped out of its 3 pushes down channel but traded within the range of the ...
Lawrence's Comment
Recap
Tight range. No news. No move. Closed the week at midpoint and Y-0.
Outlook
Breakout mode. Original trend entering the consolidation was up. So, upside breakout has a slight ...
Nasdaq 100 Dec 26 to Dec 30 Outlook
Lawrence’s Comment
Nasdaq is the week one out of the 3 indices this past week. As pointed out last week, NQ has strong resistance at Y-0. Thus after tagging that, NQ was the only one that sold off all the way back down to test Y-1 before taking off. Closed the week at its high and above Y-0.
Outlook
A strong base is formed. May not have a lot of upside this week. Tagging B+2 is probably the cap.
Consolidation between B-0 upto B+1 this coming week will be very bullish sign that a powerful rally is on its way early next year.
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