Recap NQ held Y-0 and lifted higher to Y+1. Consolidated right under Y+1 until FOMC announcement. Since then breakout upside until 4900 round # was tagged. Closed the week above Y+1 and midpoint.
Outlook Up trend line strong support until proven otherwise. Retest of B+1 likely aslong as Y+1 / B-0 zone support holds.
Lawrence's Comment
Recap
Easy play of the week. Y-0 resistance sent Aussie back down to Y-2 as expected. The nice surprise was the cut through with no reaction there at all. 200% ...
Nasdaq 100 Sep 26 to Sep 30 Outlook
Lawrence’s Comment
NQ held Y-0 and lifted higher to Y+1. Consolidated right under Y+1 until FOMC announcement. Since then breakout upside until 4900 round # was tagged. Closed the week above Y+1 and midpoint.
Outlook
Up trend line strong support until proven otherwise. Retest of B+1 likely aslong as Y+1 / B-0 zone support holds.
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