Trading Edges That Last
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As Featured In
Nasdaq 100 Sep 28 to Oct 02 Outlook
Lawrence’s Comment
Y-0 resistance sent NQ down to Y-2 normal target. Strong reaction from Y-2 sent NQ back up to Y-1. Y-1 resistance confirmed with end of week drop back down to Y-2. Closed the week near Y-2 and week low.
Outlook
A flush low early in the week will allow NQ to drift back up to B-0 and above. Failing to form a low early in the week will lead to very extreme selling exploring the stops down at 4100 and then 4000.
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