Recap FBO from the start of the week against Y+1 gave us a flush back down to below Y-0. At 100% absolute range expansion NQ found support and zoomed back up to Y+1. Fed announcement gave it a boost to Y+3 and consolidated there since. Closed the week above midpoint and Y+2.
Outlook The pocket from Y+1 up to above Y+2 will have to be taken care of. As long as NQ fails to clear B+1, it will fill the void zone.
Lawrence's Comment
Recap
Dow took off running higher off the European rumors on financials in the beginning of the week. Several more false rumors were spreaded to keep Dow from dropping. ...
Nasdaq 100 Sep 23 to Sep 27 Outlook
Lawrence’s Comment
FBO from the start of the week against Y+1 gave us a flush back down to below Y-0. At 100% absolute range expansion NQ found support and zoomed back up to Y+1. Fed announcement gave it a boost to Y+3 and consolidated there since. Closed the week above midpoint and Y+2.
Outlook
The pocket from Y+1 up to above Y+2 will have to be taken care of. As long as NQ fails to clear B+1, it will fill the void zone.
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