Trading Edges That Last
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Nasdaq 100 Jan 06 to Jan 10 Outlook
Lawrence’s Comment
Pullback started right after a failed test of Y+1. A rare double top pattern created with Y-2 target after New Year. Closed the week below Y-1 and near week low.
Outlook
Downside target of Y-2 should be reached early this week. This will close the open gap but not a strong support zone to stop the selloff. B-2 / 3500 is next logical downside target.
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