Recap NQ gapped down to start the week, giving it a reason to rally higher once Y-1 was cleared. NQ pushed hard all week trying to get Y-0. Closed the week above Y-1 and midpoint.
Outlook Y-1 / B-0 now support for a test of B+1 / Y-0. As long as that is not cleared, NQ is facing a potential of forming a longer term top here.
Lawrence's Comment
Recap
Breakout to the downside after failure to clear the upside resistance. ES tagged the downside target mentioned last week perfectly and then bounced. Closed the week below B-0 and ...
Lawrence's Comment
Recap
Test of Y+1 rejected. Dropped back down to Y-0 and found support. 2nd attempt led to all out selloff back down to 100% absolute range expansion. Found support there ...
Nasdaq 100 Aug 03 to Aug 07 Outlook
Lawrence’s Comment
NQ gapped down to start the week, giving it a reason to rally higher once Y-1 was cleared. NQ pushed hard all week trying to get Y-0. Closed the week above Y-1 and midpoint.
Outlook
Y-1 / B-0 now support for a test of B+1 / Y-0. As long as that is not cleared, NQ is facing a potential of forming a longer term top here.
Share