Nasdaq 100 Oct 28 to Nov 01 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected it is not that easy to smack down NQ. Consolidated around Y+1 most of the week and then popped higher with a gap. Closed the week above Y+1 and midpoint.

Outlook
Tight range week. An FBO against B+1 can be explosive for a drop back down to B-3. As long as B-1 is not cleared, NQ can continue to drift higher until more shorts are cleaned out.

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