Nasdaq 100 May 09 to May 13 Outlook

By News Robot

Lawrence’s Comment

Sold back down to Y-0 first as expected. Further weaknesses took it down to Y-1. But gap was not filled and a bounce from the gap top killed the selloff formation.

Closed below first quarter high, a confirmed turn on daily basis but not on weekly because it failed to close below Y-1 at the same time.
Bulls will try to force for another fight at NDX 2400 again if there is not enough sellers to push it down in the beginning of the week.
To get more weaknesses, B-1 must be taken out quickly and turns into resistance.


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