Recap As mentioned last week, breakout mode in place. We got the breakout to the downside and that gave us Y-3 target automatically. Closed the week near the week low and Y-3.
Outlook The selloff has been contained. As long as B-1 acting as support, any signs of strength can easily push this back up to B-0 upto Y-1.
Lawrence's Comment
Recap
The resistance zone was not even tested and ES simply gapped down and slide to Y-2 before its first paused. Failing again to fill the gap above to ...
Nasdaq 100 Oct 15 to Oct 19 Outlook
Lawrence’s Comment
As mentioned last week, breakout mode in place. We got the breakout to the downside and that gave us Y-3 target automatically. Closed the week near the week low and Y-3.
Outlook
The selloff has been contained. As long as B-1 acting as support, any signs of strength can easily push this back up to B-0 upto Y-1.
Clearing B-1 will send NQ down to B-2 quickly.
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