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 upside. Closed the week above Y-1 and near week high.
Outlook More upside likely but the gap below will likely be taken care of within a week or two.
Lawrence's Comment
Recap
As expected the push to the upside has failed and resulted in a test of Y-1. Yet Dow defended the Y-1 boundary and rallied back above Y-0. Closed the ...
Nasdaq 100 Aug 31 to Sep 04 Outlook
Lawrence’s Comment
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 upside. Closed the week above Y-1 and near week high.
Outlook
More upside likely but the gap below will likely be taken care of within a week or two.
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