Recap NQ gap and go right from the start of the week to clear the strong resistance of Y-0 and filled the open gap above. This led to retest of Y+1 and eventual breakout to Y+2 and above. Closed the week above Y+2 and near week high.
Outlook Blow off run in the making, can mean slow drift up further until Y+3 normal surprise breakout target. B+1 turning into resistance will give us a pullback to at least filling the open gap below.
Lawrence's Comment
Recap
Cable failed to hold Y-1 as expected and dropped to the target zone mentioned last week. It failed to bounce above Y-1, hence the down trend continued until 100% ...
Nasdaq 100 Apr 27 to May 01 Outlook
Lawrence’s Comment
NQ gap and go right from the start of the week to clear the strong resistance of Y-0 and filled the open gap above. This led to retest of Y+1 and eventual breakout to Y+2 and above. Closed the week above Y+2 and near week high.
Outlook
Blow off run in the making, can mean slow drift up further until Y+3 normal surprise breakout target. B+1 turning into resistance will give us a pullback to at least filling the open gap below.
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