Recap NQ failing to clear the open gap above earlier in the week confirmed NQ being the weakest among the indices. Downside target of Y-2 and Y-3 tagged in stair step drop fashion. Closed the week below Y-2 and midpoint.
Outlook More downside likely with complex pullback in between. Y-2 / B-0 test is normal but not necessary.
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Lawrence's Comment
Recap
ES dropped lower initially but turned into 1-2-3 buy on 30-minute against Y-1 which gave us a go for Y-0. Y-0 was cleared and turned into support. This sent ...
Nasdaq 100 May 02 to May 06 Outlook
Lawrence’s Comment
NQ failing to clear the open gap above earlier in the week confirmed NQ being the weakest among the indices. Downside target of Y-2 and Y-3 tagged in stair step drop fashion. Closed the week below Y-2 and midpoint.
Outlook
More downside likely with complex pullback in between. Y-2 / B-0 test is normal but not necessary.
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