Recap News shock sent NQ back down to Y-1 creating a huge gap above. But NQ has not breached Y-1 at all. The rest of the week was a fight to get back up to fill the gap. Closed the week at Y-0.
Outlook One more gap above that is not taken care of around 2400. The problem with that is that it is also resistance area B+1. Tagging that early in the week means potential reversal back down quickly from there.
Nasdaq 100 Nov 07 to Nov 11 Outlook
Lawrence’s Comment
News shock sent NQ back down to Y-1 creating a huge gap above. But NQ has not breached Y-1 at all. The rest of the week was a fight to get back up to fill the gap. Closed the week at Y-0.
Outlook
One more gap above that is not taken care of around 2400. The problem with that is that it is also resistance area B+1. Tagging that early in the week means potential reversal back down quickly from there.
Breaking B-0 points to B-1.
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