Recap Y-0 to Y+1 zone formed a bottom as expected. However, difficulties to move higher happened after trading above Y+1. That did not stop NQ from rallying towards its minimal upside target – 100% expansion of the week’s open range.
Outlook A drop below B-0 and that B-0 to Y+1 acting as resistance means last week was a w. upthrust and a more significantly selloff will move it down to B-1.
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Lawrence's Comment
Recap
As expected Loonie continues to weaken. 1.26 did not stop the run at all. Until 1.28 was touched. Closed the week at Y+2 and above midpoint.
Outlook
The weekly ...
Nasdaq 100 Apr 04 to Apr 08 Outlook
Lawrence’s Comment
Y-0 to Y+1 zone formed a bottom as expected. However, difficulties to move higher happened after trading above Y+1. That did not stop NQ from rallying towards its minimal upside target – 100% expansion of the week’s open range.
Outlook
A drop below B-0 and that B-0 to Y+1 acting as resistance means last week was a w. upthrust and a more significantly selloff will move it down to B-1.
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