Nasdaq 100 Oct 19 to Oct 23 Outlook

By News Robot

Lawrence’s Comment

Recap
In sync with Dow, but weaker, NQ struggled to clear Y+1 and eventually fall back down to Y-0. Y-0 support gave it fuel to go up to Y+2. Closed the week near Y+2 and week high.

Outlook
Rising wedge actions point to potential breakdown play with B-1 target. Clearing B-1 quickly will give way to B-3.

Share

  • You must be logged in to comment. Log in