Trading Edges That Last
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As Featured In
Nasdaq 100 Aug 25 to Aug 29 Outlook
Lawrence’s Comment
No test of Y-0 was possible as NQ gap above Y+1 to start the week. Gap and go sent NQ above Y+2. Closed the week near Y+2 and above midpoint.
Outlook
Unusual circumstances led to the continuous up drift which will not last. The question is how much time is needed to absorb this run higher. Any weaknesses will give NQ an excuse to pullback to below Y+1 / B-1, where the open gap is.
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