Nasdaq 100 Aug 03 to Aug 07 Outlook

By News Robot

Lawrence’s Comment

Recap
NQ gapped down to start the week, giving it a reason to rally higher once Y-1 was cleared. NQ pushed hard all week trying to get Y-0. Closed the week above Y-1 and midpoint.

Outlook
Y-1 / B-0 now support for a test of B+1 / Y-0. As long as that is not cleared, NQ is facing a potential of forming a longer term top here.

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