Recap Y-0 support sent NQ higher to test Y+1. Failed to clear it and dropped back down to normal target of Y-1. Got Y-1 and consolidated since. Closed the week below Y-0 and midpoint.
Outlook Retest of Y-0 / B-0 likely as the drop to Y-1 was meant with great resistance. If B-0 / Y-0 area proven strong enough to hold NQ down then NQ has more down side in coming 2 weeks.
Lawrence's Comment
Recap
NQ failed to clear former resistance from Y-0 has opened the door to gap fill below. Got that in 1 go and a strong bounce was resulted. Yet NQ ...
Lawrence's Comment
Recap
NQ was the near normal one with reduced range and drift like moves. One thing notable is that Google and Amazon has significant negative impact on NQ yet NQ ...
Nasdaq 100 Jan 19 to Jan 23 Outlook
Lawrence’s Comment
Y-0 support sent NQ higher to test Y+1. Failed to clear it and dropped back down to normal target of Y-1. Got Y-1 and consolidated since. Closed the week below Y-0 and midpoint.
Outlook
Retest of Y-0 / B-0 likely as the drop to Y-1 was meant with great resistance. If B-0 / Y-0 area proven strong enough to hold NQ down then NQ has more down side in coming 2 weeks.
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