Recap Downside 2200 target tagged. Then failed to hold and break lower to next support zone around 2150. Closed the week at the low of the week.
Outlook Given the momentum to the downside, the week did not print a range of matching magnitude. That tells us NQ is reluctant to drop comparing to Dow and S&P.
To snap out of this selloff / downtrend, I need to see NQ trade above B-0 and that it turns into support first.
Downside target of Y-3 is still play and can happen early next week.
Lawrence's Comment
Recap
ES spiked down to Y-1 and then tried to hold it since. Dow's all out collapse dragged ES lower and forced ES to consolidate around Y-1. ES closed the ...
Overview
Emini overnight range 2113.50 to 2133.75 (at 9:00 am)
Overnight Midpoint 2123.50
Previous Week Low 2136.00
Battleplan for the Day
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ContentReviewEuro Long Term Up ChannelS&P Not Ready for Serious Correction YetGold Need a Reason to MoveBitcoin Hanging on a Thread10-Year Note Can’t LieBig Picture SummaryReviewEuro stunned and stuck at the ...
Nasdaq 100 Nov 28 to Dec 02 Outlook
Lawrence’s Comment
Downside 2200 target tagged. Then failed to hold and break lower to next support zone around 2150. Closed the week at the low of the week.
Outlook
Given the momentum to the downside, the week did not print a range of matching magnitude. That tells us NQ is reluctant to drop comparing to Dow and S&P.
To snap out of this selloff / downtrend, I need to see NQ trade above B-0 and that it turns into support first.
Downside target of Y-3 is still play and can happen early next week.
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