Nasdaq 100 Sep 10 to Sep 14 Outlook

By News Robot

Lawrence’s Comment

Recap
Just like Dow, everything was pointing to lower prices, yet Y-1 was rejected forcefully in the beginning of the week. That gave us a clue that there is the potential of challenging Y+1 in the making. Then the news shock simply gave the bulls an excuse to clear the resistance and pushed to new high for the year. Closed the week near week high and above Y+2.

Outlook
New year high in place. A retest of the old one is likely so consolidation with downside bias down to Y+1 is in play.

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