Nasdaq 100 Sep 15 to Sep 19 Outlook

By News Robot

Lawrence’s Comment

Recap
Test of Y+1 failed on first try sent NQ back down to Y-0. Y-0 support sent NQ on 2nd try to Y+1. FBO Y+1 sent NQ down to almost Y-1 but stopped at 100% absolute expansion. Took Dow and ES going weak to drag NQ down to Y-1. Closed the week below Y-0 and midpoint.

Outlook
Outside week. Closed within previous week range. Not as weak as it looks. A bounce back to B-0 is not a surprise. Should NQ gap below Y-1 / B-1 to start the week, a slide to B-2 is necessary before it can stop.

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