Recap Bullish scenario unfolded as Y+1 tagged first with Y-0 support leading to a run to Y+2. Option expiration Friday even jumped NQ to Y+3 by open yet failed to hold onto the gain. Closed the week above Y+2 and midpoint.
Outlook Potential FBO against previous month high / former year high. Breach of B-0 points to a flush to at least below B-1 / Y-0.
Lawrence's Comment
Recap
Another easy play last week was NQ. Flushed to below Y-2 until 100% range expansion. Bounced back up to week high and found resistance there. Enough dip buyers fried ...
Nasdaq 100 Aug 18 to Aug 22 Outlook
Lawrence’s Comment
Bullish scenario unfolded as Y+1 tagged first with Y-0 support leading to a run to Y+2. Option expiration Friday even jumped NQ to Y+3 by open yet failed to hold onto the gain. Closed the week above Y+2 and midpoint.
Outlook
Potential FBO against previous month high / former year high. Breach of B-0 points to a flush to at least below B-1 / Y-0.
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