Nasdaq 100 Oct 29 to Nov 02 Outlook

By News Robot

Lawrence’s Comment

Recap
What I wrote last week, “Expect wild sideway swings with bearish bias towards tagging B-2”. No significant selloff like Dow or ES, just downward push towards B-2. Yet, 5 days of selling, B-2 was refused and 2630 was good enough to create a strong short cover rally to challenge Y-1. Closed the week near midpoint and below Y-1.

Outlook
See comments on Dow.

Looking for 2700 to be printed as long as NQ can hold B-0 as support.

Share

  • You must be logged in to comment. Log in