Nasdaq 100 Jan 16 to Jan 20 Outlook

By News Robot

Lawrence’s Comment

Recap
Congestion. Stuck at 50% week range around Y+1. Closed the week above Y+1.

Outlook
Way stronger comparing to Dow or S&P. Definitely bullish as Y+1 was defended.

Only way to send this lowered is that B+1 turning into resistance, thus creating a double top formation, or, if news can cause a quick drop below B-1.

In both cases, Y-0 is the downside target.

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