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Nasdaq 100 Nov 28 to Dec 02 Outlook
Lawrence’s Comment
Downside 2200 target tagged. Then failed to hold and break lower to next support zone around 2150. Closed the week at the low of the week.
Outlook
Given the momentum to the downside, the week did not print a range of matching magnitude. That tells us NQ is reluctant to drop comparing to Dow and S&P.
To snap out of this selloff / downtrend, I need to see NQ trade above B-0 and that it turns into support first.
Downside target of Y-3 is still play and can happen early next week.
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