Trading Edges That Last
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Nasdaq 100 Nov 07 to Nov 11 Outlook
Lawrence’s Comment
News shock sent NQ back down to Y-1 creating a huge gap above. But NQ has not breached Y-1 at all. The rest of the week was a fight to get back up to fill the gap. Closed the week at Y-0.
Outlook
One more gap above that is not taken care of around 2400. The problem with that is that it is also resistance area B+1. Tagging that early in the week means potential reversal back down quickly from there.
Breaking B-0 points to B-1.
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