Recap As mentioned last week, breakout mode in place. We got the breakout to the downside and that gave us Y-3 target automatically. Closed the week near the week low and Y-3.
Outlook The selloff has been contained. As long as B-1 acting as support, any signs of strength can easily push this back up to B-0 upto Y-1.
Nasdaq 100 Oct 15 to Oct 19 Outlook
Lawrence’s Comment
As mentioned last week, breakout mode in place. We got the breakout to the downside and that gave us Y-3 target automatically. Closed the week near the week low and Y-3.
Outlook
The selloff has been contained. As long as B-1 acting as support, any signs of strength can easily push this back up to B-0 upto Y-1.
Clearing B-1 will send NQ down to B-2 quickly.
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