Recap NQ did not even move any lower and pushed straight up right from the start of the week. It got Y+1 and stopped only after it has tagged the year high. Closed the week near Y+1 and above midpoint.
Outlook As long as Y+1 / B+1 acting as resistance, NQ is likely to drop back down to B-0.
Recap of last week Flush to target red zone 1.31 right off the start of the week. Then a reversal started mid week that retested the original target zone ...
Nasdaq 100 Apr 29 to May 03 Outlook
Lawrence’s Comment
NQ did not even move any lower and pushed straight up right from the start of the week. It got Y+1 and stopped only after it has tagged the year high. Closed the week near Y+1 and above midpoint.
Outlook
As long as Y+1 / B+1 acting as resistance, NQ is likely to drop back down to B-0.
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