Recap No pullback, just consolidation in tight range around previous week close / high zone. NQ then took off with ES and Dow upon the non-resolution in Europe on Friday. Closed the week above Y+1 and at week high.
Outlook Once in a blue moon we get option expiration to close at the extreme of the range. We just got one this month and it is bullish for at least pushing higher into B+2 zone.
Until we get a sudden reversal that breaks B-1, the up trend can accelerate from here until most of the weak shorts are crushed.
Lawrence's Comment
Recap
Euro traded above Y-0, yet failed to hold above it leading to a flush straight down to Y-2 target. Closed the week below Y-1 and midpoint.
Outlook
The drop ...
Lawrence's Comment
Recap
Y-1 breached early in the week but did not act as resistance. That is the early signs of strength. Couple that with the spike low is 100% ...
Nasdaq 100 Feb 23 to Feb 27 Outlook
Lawrence’s Comment
No pullback, just consolidation in tight range around previous week close / high zone. NQ then took off with ES and Dow upon the non-resolution in Europe on Friday. Closed the week above Y+1 and at week high.
Outlook
Once in a blue moon we get option expiration to close at the extreme of the range. We just got one this month and it is bullish for at least pushing higher into B+2 zone.
Until we get a sudden reversal that breaks B-1, the up trend can accelerate from here until most of the weak shorts are crushed.
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