Recap Gap above Y+1 and failed to hold above. That started the move to fill the gap below. Gap fill led to a strong bounce but NQ can no longer clear previous week close. 2nd move down tagged the Y-0 target and eventually stopped dropping near the 4400 round number level. Closed the week above Y-0 and near midpoint.
Outlook A healthy pullback takes more than a week to complete. B-0 resistance will give us gap fill below and retest of B-1.
Lawrence's Comment
Recap
Minimal down side target tagged mid week and euro went full breakdown from there. Euro could not stop at all and dropped straight down to Y-4. Closed the week ...
Lawrence's Comment
Recap
Gap down to 3900 and staged a fight back up to Y-1 but failed to get there until the 3rd try. Y-1 cleared but 100% absolute range limited the ...
Nasdaq 100 May 04 to May 08 Outlook
Lawrence’s Comment
Gap above Y+1 and failed to hold above. That started the move to fill the gap below. Gap fill led to a strong bounce but NQ can no longer clear previous week close. 2nd move down tagged the Y-0 target and eventually stopped dropping near the 4400 round number level. Closed the week above Y-0 and near midpoint.
Outlook
A healthy pullback takes more than a week to complete. B-0 resistance will give us gap fill below and retest of B-1.
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