Nasdaq 100 Aug 01 to Aug 05 Outlook

By News Robot

Lawrence’s Comment

Recap
Previous week close support helped NQ pushing higher. 100% absolute range expansion completed. Closed the week above Y+2 and midpoint.

Outlook
NQ has been climbing higher with weakening breadth support. Once uptrend is broken, a steep pullback is likely with B-2 / Y-1 target.

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