Recap NQ did flushed and snap back up in the beginning of the week without tagging Y-2 but failed to clear week high on Wednesday thanks to various big firms coming out with extreme bearish outlook on the stock markets. This led to panic selling and extreme volatility into Friday close. Closed the week near Y-2 and below midpoint.
Outlook An unsual option expiration week means very messy price actions going into the week right after. NQ holding Y-3 will give us a test of B-0.
Nasdaq 100 Jan 18 to Jan 22 Outlook
Lawrence’s Comment
NQ did flushed and snap back up in the beginning of the week without tagging Y-2 but failed to clear week high on Wednesday thanks to various big firms coming out with extreme bearish outlook on the stock markets. This led to panic selling and extreme volatility into Friday close. Closed the week near Y-2 and below midpoint.
Outlook
An unsual option expiration week means very messy price actions going into the week right after. NQ holding Y-3 will give us a test of B-0.
Share