Recap 3 pushes top then freefall to test and then fill the gap below. Violent swings too. Closed the week below midpoint but higher than Y-1.
Outlook Definitely not as bearish as Dow. The bottom can also be read as potential 3 pushes down if NQ flushes down to a slightly lower low against B-1 and bounce off.
Unless NQ trading significantly lower than B-1 and then failed to rally above B-1, I would not be very bearish on NQ at all.
Lawrence's Comment
Recap
Bear flag on daily successfully sent Dow up to year high and tagged the channel top. Since then Dow collapsed quickly with no pullback at all. Closed the week ...
Lawrence's Comment
Recap
Cable found support at Y-0 for a test of Y+1. Y+1 resistance on first try and sent cable back down to Y-0. Second attempt at Y+1 led to FBO ...
Nasdaq 100 Aug 01 to Aug 05 Outlook
Lawrence’s Comment
3 pushes top then freefall to test and then fill the gap below. Violent swings too. Closed the week below midpoint but higher than Y-1.
Outlook
Definitely not as bearish as Dow. The bottom can also be read as potential 3 pushes down if NQ flushes down to a slightly lower low against B-1 and bounce off.
Unless NQ trading significantly lower than B-1 and then failed to rally above B-1, I would not be very bearish on NQ at all.
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