Recap Whole week has been a struggle to find direction. At the end of the week although there is a selloff it did not drop to Y-1 implying hidden strength.
Outlook A retest of Y-0 to B-0 area or even B+1 area is needed to confirm the weaknesses as NQ rejected to tag Y-1 on its first try. If B-0 acts as resistance, next downside target will be B-2.
Lawrence's Comment
Recap
Y-0 acted as resistance at the start of the week but could not hold the price down on the 2nd try. Price zoomed up but stalled at the same ...
Lawrence's Comment
Recap
Consolidation week. Edged higher above Y+1 but failed to hold above it. Closed the week above Y-0 and near midpoint.
Outlook
There is no real direction developed from the week. Ukraine ...
Nasdaq 100 Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Whole week has been a struggle to find direction. At the end of the week although there is a selloff it did not drop to Y-1 implying hidden strength.
Outlook
A retest of Y-0 to B-0 area or even B+1 area is needed to confirm the weaknesses as NQ rejected to tag Y-1 on its first try.
If B-0 acts as resistance, next downside target will be B-2.
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