Nasdaq 100 Aug 27 to Aug 31 Outlook

By News Robot

Lawrence’s Comment

Recap
Pullback to B-0 as expected. Basing action as well. Closed the week at Y+1 / midpoint.

Outlook
Not clear at all. The basing action can be viewed as a setup for retesting B+1. But the way the sell off happened potential spike and ledge top in the making.

Will be very interested in holding onto short if B-1 is breached.

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