Nasdaq 100 Jan 19 to Jan 23 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-0 support sent NQ higher to test Y+1. Failed to clear it and dropped back down to normal target of Y-1. Got Y-1 and consolidated since. Closed the week below Y-0 and midpoint.

Outlook
Retest of Y-0 / B-0 likely as the drop to Y-1 was meant with great resistance. If B-0 / Y-0 area proven strong enough to hold NQ down then NQ has more down side in coming 2 weeks.

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