Recap NQ attempt Y+1 and produced a FBO on daily. This gives us Y-1 target. NQ sold off to 100% absolute range and tried to bounce. Closed the week below Y-0 and near week low.
Outlook Y-0 / B-0 strong resistance until proven otherwise. Breaking below Y-0 points to very steep sell off in the making as there is no support on monthly below this 4300 zone until 4200 and below.
Lawrence's Comment
Recap
Opened the week below previous week low (Y-1) and spring back up. Gap up next to clear the previous week midpoint pointed to test of previous week ...
Lawrence's Comment
Recap
Cable went sideway until ECB announcement. Successfully filled the open gap above as expected. Closed the week above Y+1 and midpoint.
Outlook
Strong resistance zone above B+1 upto B+2 ...
Lawrence's Comment
Recap
News shock created the double top and breached Y-0 support. The downside target of the double top tagged by end of the week. Closed the week below Y-1. ...
Nasdaq 100 May 16 to May 20 Outlook
Lawrence’s Comment
NQ attempt Y+1 and produced a FBO on daily. This gives us Y-1 target. NQ sold off to 100% absolute range and tried to bounce. Closed the week below Y-0 and near week low.
Outlook
Y-0 / B-0 strong resistance until proven otherwise. Breaking below Y-0 points to very steep sell off in the making as there is no support on monthly below this 4300 zone until 4200 and below.
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