Recap Gap down to 3900 and staged a fight back up to Y-1 but failed to get there until the 3rd try. Y-1 cleared but 100% absolute range limited the upside. Closed the week above Y-1 and near week high.
Outlook More upside likely but the gap below will likely be taken care of within a week or two.
Lawrence's Comment
Recap
Swing violently as expected. The unexpected part was that it is to the downside only. Final flush tagged Y-4 and bounced. Closed the week below Y-3.
Outlook
Consolidation likely. ...
Nasdaq 100 Aug 31 to Sep 04 Outlook
Lawrence’s Comment
Gap down to 3900 and staged a fight back up to Y-1 but failed to get there until the 3rd try. Y-1 cleared but 100% absolute range limited the upside. Closed the week above Y-1 and near week high.
Outlook
More upside likely but the gap below will likely be taken care of within a week or two.
Share