Recap Flush to Y-2 right off the start of the week and produced a double bottom. Zoomed to Y+1 from a gap up above B-0 as expected. Closed the week at Y+1.
Outlook Outside week with strong close points to consolidation around B+1. Am expecting NQ to fail to push above Y+2. It will also be very difficult to fall below Y-0.
Overview
Emini overnight range 2130.75 to 2142.25 (at 9:00 am)
Overnight Midpoint 2136.50
Previous Week Close 2130.50
Battleplan for the Day
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Nasdaq 100 Apr 30 to May 04 Outlook
Lawrence’s Comment
Flush to Y-2 right off the start of the week and produced a double bottom. Zoomed to Y+1 from a gap up above B-0 as expected. Closed the week at Y+1.
Outlook
Outside week with strong close points to consolidation around B+1. Am expecting NQ to fail to push above Y+2. It will also be very difficult to fall below Y-0.
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