Recap NQ test of downside target as expected and sparked a strong rally off the support. Follow thru actions pushed NQ back up above normal reversal target Y-0. Closed the week above Y-0 and near week high.
Outlook 4300 original zone which the dip buyers stepped in and many are forced out last 2 weeks over panic selling. Depending on how many of these dip buyers are left will either make it difficult to clear 4300 and led to consolidation actions back down to Y-0 / B-0 zone, or continuation up drift back to Y+1 / B+2 breakdown crime scene.
Lawrence's Comment
Recap
Y-0 did not hold Aussie down. Gold surged in beginning of the week. Good enough excuses to pop Aussie to Y+2. After tagging Y+2 normal upside target, ...
Lawrence's Comment
Recap
Y-0 acted as support and then pushed this pair higher. Y+1 breached and then immediately snapped back down. Closed the week above Y-0 and B-0.
Outlook
The magiv 0.96 ...
Nasdaq 100 Jan 25 to Jan 29 Outlook
Lawrence’s Comment
NQ test of downside target as expected and sparked a strong rally off the support. Follow thru actions pushed NQ back up above normal reversal target Y-0. Closed the week above Y-0 and near week high.
Outlook
4300 original zone which the dip buyers stepped in and many are forced out last 2 weeks over panic selling. Depending on how many of these dip buyers are left will either make it difficult to clear 4300 and led to consolidation actions back down to Y-0 / B-0 zone, or continuation up drift back to Y+1 / B+2 breakdown crime scene.
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