Recap Right out of the gate. NQ tested Y-1 and rallied all the way back up to the resistance zone mentioned last week. Easy ride. Then it failed perfectly right there giving us a selloff all the way to Y-2, the downside target. Closed the week near Y-2 and week low.
Outlook Wish all weeks are like this.
Expect wild sideway swings with bearish bias towards tagging B-2.
Lawrence's Comment
Recap
Previous week close support sent ES back up to challenge week high so far. Gap above allowed for Y+1 breakout. Closed the week above Y+1 and midpoint.
Outlook
B+1 ...
Nasdaq 100 Oct 22 to Oct 26 Outlook
Lawrence’s Comment
Right out of the gate. NQ tested Y-1 and rallied all the way back up to the resistance zone mentioned last week. Easy ride. Then it failed perfectly right there giving us a selloff all the way to Y-2, the downside target. Closed the week near Y-2 and week low.
Outlook
Wish all weeks are like this.
Expect wild sideway swings with bearish bias towards tagging B-2.
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