Recap Gapped below support zone to start the week but found support at the former breakout crime scene quickly. NQ surged higher and filled the weekly gap above. Resistance near previous week close forced NQ to test its support below once more. NQ took off from there and printed week high. Closed the week above Y-0 and midpoint.
Outlook Inside week with bullish finish points to test of Y+1 likely. Breakout above will give us at least B+2.
Overview
Emini overnight range 2175.00 to 2182.25 (at 9:00 am)
Overnight Midpoint 2178.50
Previous Week Close 2178.50
Battleplan for the Day
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Nasdaq 100 Oct 03 to Oct 07 Outlook
Lawrence’s Comment
Gapped below support zone to start the week but found support at the former breakout crime scene quickly. NQ surged higher and filled the weekly gap above. Resistance near previous week close forced NQ to test its support below once more. NQ took off from there and printed week high. Closed the week above Y-0 and midpoint.
Outlook
Inside week with bullish finish points to test of Y+1 likely. Breakout above will give us at least B+2.
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