Recap NQ bounced to above Y-0 and found resistance. Could not hold above Y-0 and gave us the expected drop to Y-1 for a test. Previous week close holding NQ down for a flush below Y-1. NQ spike reversal back up to Y-0. Closed the week below Y-0 and above midpoint.
Outlook Potential FBO against Y-1 in place. As long as B-0 / Y-1 holds, NQ can zoom higher back up to above B+1.
Lawrence's Comment
Recap
Aussie spiked below Y-1 and snapped back up above without tagging Y-2 first. Y-1 turned into support sending Aussie back up to Y-0. Closed the week below Y-0 and ...
Lawrence's Comment
Recap
Y-0 acted as resistance and gave us a drop back down to previous week close which turned into very strong support on 3 separate attempts to break it from ...
Nasdaq 100 Aug 17 to Aug 21 Outlook
Lawrence’s Comment
NQ bounced to above Y-0 and found resistance. Could not hold above Y-0 and gave us the expected drop to Y-1 for a test. Previous week close holding NQ down for a flush below Y-1. NQ spike reversal back up to Y-0. Closed the week below Y-0 and above midpoint.
Outlook
Potential FBO against Y-1 in place. As long as B-0 / Y-1 holds, NQ can zoom higher back up to above B+1.
Share