Recap Consolidation around previous week close at 50% range. A rare normal breather since the beginning of this year. Closed the week below Y+1 and near midpoint.
Outlook A marginal double top in place with neckline at B-1 and target at B-3. B-3 is in the zone where the backfill actions should drop to.
Not bullish until a breakout above B+1 that will confirm the strength of this bull run with 1900 potential.
Lawrence's Comment
Recap
NQ started the week trading above Y+1 opening the door to Y+2 and Y+3 for 100% range expansion. Y+3 tagged with NQ going sideway a bit. End of week ...
Lawrence's Comment
Recap
Consolidation around the closing price as expected. It is within the 100% range of the week before last too. Closed the week below Y-1 and above midpoint.
Outlook
The ...
S&P 500 Feb 24 to Feb 28 Outlook
Lawrence’s Comment
Consolidation around previous week close at 50% range. A rare normal breather since the beginning of this year. Closed the week below Y+1 and near midpoint.
Outlook
A marginal double top in place with neckline at B-1 and target at B-3. B-3 is in the zone where the backfill actions should drop to.
Not bullish until a breakout above B+1 that will confirm the strength of this bull run with 1900 potential.
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