Recap Bearish tone in beginning of the week forced a break down below Y-1. Then the spike reversal mentioned last week happened, gave us a go for Y-0 and above. Closed the week above Y-0 and midpoint.
Outlook Down trend on daily is intact. Without 30-min or higher timeframe swing level support, NQ can easily flush back down to at least B-0 and Y-1 is also likely.
NQ needs to hold B-0 down to Y-1 zone to create the necessary condition to break this down trend.
Lawrence's Comment
Recap
Dow held up at top zone around Y+1. Event driven breakout gave us 100% expansion off the tight range. Closed the week above Y+1 and midpoint.
Outlook
Test of ...
Lawrence's Comment
Recap
Easiest play last week. Euro tagged Y+2 which was also the up channel resistance. It then pullback to Y+1 and failed to hold there. Flushed towards Y-1. Closed the ...
Nasdaq 100 Apr 21 to Apr 25 Outlook
Lawrence’s Comment
Bearish tone in beginning of the week forced a break down below Y-1. Then the spike reversal mentioned last week happened, gave us a go for Y-0 and above. Closed the week above Y-0 and midpoint.
Outlook
Down trend on daily is intact. Without 30-min or higher timeframe swing level support, NQ can easily flush back down to at least B-0 and Y-1 is also likely.
NQ needs to hold B-0 down to Y-1 zone to create the necessary condition to break this down trend.
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