Nasdaq 100 Jan 30 to Feb 03 Outlook

By News Robot

Lawrence’s Comment

Sold off in the beginning of the week at retest of Y+1 as expected. Yet the earning reports during the week shocked NQ thru the resistance leading to a quick tag of Y+2 before pulling back to Y+1 again. Closed the week above midpoint.

News shocks help NQ cleared a major resistance area making it possible to go higher still.

Retest of B+1 resulting in a sell off will point to first target at B-2.


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