Recap NQ weaknesses let to quick break of Y-0. Since then NQ cannot clear 4700 and dropped to Y-1. When trouble in Asia spread to US, NQ break down to weekly support. Closed the week below Y-1 and near week low.
Outlook 4500 / Y-2 on the line. That holds we get a push back up to Y-1.
Lawrence's Comment
Recap
Bullish setup wroked out with Y+2 tagged. Since then weaknesses kicked in and dropped to Y-1. Closed the week near Y-1 and week low.
Outlook
Outside reversal week is ...
Nasdaq 100 Dec 14 to Dec 18 Outlook
Lawrence’s Comment
NQ weaknesses let to quick break of Y-0. Since then NQ cannot clear 4700 and dropped to Y-1. When trouble in Asia spread to US, NQ break down to weekly support. Closed the week below Y-1 and near week low.
Outlook
4500 / Y-2 on the line. That holds we get a push back up to Y-1.
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