Nasdaq 100 Dec 01 to Dec 05 Outlook
Unlike Dow and S&P NQ zoomed straight up to tag Y+2 as Apple continues its march to new high almost everyday. Closed the week above Y+2 and midpoint.
Expanding range 4 weeks in a row with NQ points to consolidation potential. B+1 resistance will give us Y+1 / B-0 easily. Holiday mode trading this week means lower volume, more intraday fake outs. Traders need to adjust their stops to accommodate this envrionment if one choose to trade duing this time of the year.