Lawrence's Comment
Recap
Got downside breakout which was the side with better odds. Tagged Y-2 target and consolidated since. Closed the week above Y-2 and below midpoint.
Outlook
Notice the way it drops is ...
Lawrence's Comment
Recap
NQ break out upside above Y+1 but failed to push beyond 100% absolute range expansion. FBO against Y+1 led to a drop back down to Y-1 and found support ...
Nasdaq 100 Oct 24 to Oct 28 Outlook
Lawrence’s Comment
Unlike the other 2 indices, NQ has been the weakest all week. Closed the week at midpoint.
Outlook
As long as Y-0 holds, NQ can go higher.
If Y-0 is breached and turning into resistance, a quick drop to Y-1 down to B-2 is expected.
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