Recap Unlike Dow or ES, I have mentioned that NQ cleared an important resistance zone, thus it can go higher still. Here it is, zooming upto Y+3 normal breakout target. Almost printing 200% absolute range expansion. Closed the week at the high.
Outlook Widest range over many week. Consolidation expected.
Bullish scenario NQ will be trapped in a tight range around B+1.
Bearish scenario NQ will sell off back down to Y+1 to fill the gap below.
Lawrence's Comment
Recap
Mentioned last week looking for a top to form after upside target Y+2 is tagged. Got the rally and stopped when 100% absolute range expansion is reached. ...
Lawrence's Comment
Recap
Bullish scenario happened where Y-0 was taken out quickly. Y+1 target reached. Stalled back down to Y-0. Closed the week above midpoint.
Outlook
Strong reaction at Y+1 indicates strong resistance ...
The reversal dates based on the 19-year solar lunar cycle (Chinese calendar cycle) have been quite accurate for years since I first observed the behaviour some 20 years ago. Many ...
Nasdaq 100 Feb 06 to Feb 10 Outlook
Lawrence’s Comment
Unlike Dow or ES, I have mentioned that NQ cleared an important resistance zone, thus it can go higher still. Here it is, zooming upto Y+3 normal breakout target. Almost printing 200% absolute range expansion. Closed the week at the high.
Outlook
Widest range over many week. Consolidation expected.
Bullish scenario NQ will be trapped in a tight range around B+1.
Bearish scenario NQ will sell off back down to Y+1 to fill the gap below.
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