Recap Mentioned last week, a potential turning point is in place and we got that. Talking about precision in timing! As it is a weekly level turning point, monthly STOPD levels are now triggered and in play.
Outlook The close of the month will be the most important resistance zone to watch. Thus Monday is not the best environment to trade because end of month window dressing forces vs. smart investors taking the opportunity to light up on stock exposures will mess up the intraday swings badly.
Once the Feb close is established, then hourly sell formation off the price level will point to a minimum of the gap below to be filled, and more likely range expansion to the downside to retest Feb month low.
Lawrence's Comment
Recap
Inside week. Held right above Y-1 and blasted off higher. Thought it may break above Y+1, the original upside target, yet failed to do so, giving us ...
Lawrence's Comment
Recap
Aussie carried higher as gold holding onto its gain last week. Spiked through Y-0 but failed to clear the resistance. Closed the week below Y-0 and midpoint.
Outlook
Consolidation after wide ...
Nasdaq 100 Feb 28 to Mar 04 Outlook
Lawrence’s Comment
Mentioned last week, a potential turning point is in place and we got that. Talking about precision in timing! As it is a weekly level turning point, monthly STOPD levels are now triggered and in play.
Outlook
The close of the month will be the most important resistance zone to watch. Thus Monday is not the best environment to trade because end of month window dressing forces vs. smart investors taking the opportunity to light up on stock exposures will mess up the intraday swings badly.
Once the Feb close is established, then hourly sell formation off the price level will point to a minimum of the gap below to be filled, and more likely range expansion to the downside to retest Feb month low.
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