Recap Whole week has been a struggle to find direction. At the end of the week although there is a selloff it did not drop to Y-1 implying hidden strength.
Outlook A retest of Y-0 to B-0 area or even B+1 area is needed to confirm the weaknesses as NQ rejected to tag Y-1 on its first try. If B-0 acts as resistance, next downside target will be B-2.
Busy with office matters this morning ... seems like I missed a good move. S&P holding green (i.e. net positive) but momentum leader NDX is red (i.e. net negative ...
Nasdaq 100 Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Whole week has been a struggle to find direction. At the end of the week although there is a selloff it did not drop to Y-1 implying hidden strength.
Outlook
A retest of Y-0 to B-0 area or even B+1 area is needed to confirm the weaknesses as NQ rejected to tag Y-1 on its first try.
If B-0 acts as resistance, next downside target will be B-2.
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