Recap Amazingly efficient NQ tested Y-0 first thing in the week and the selloff started. Target zone Y-2 was tagged quickly and the rest of the week was the classic option expiration week 15+ pts swings til the end of the week.
Outlook On daily level, NQ does not look “right” in terms of forming a bottom. If NQ failed to take out B-0 early in the week, we will get another stair step selloff down to B-2.
Lawrence's Comment
Recap
Breakdown play target reached in the beginning of the week. Bounced off there to test Y-1 from below as expected. Failing to re-enter previous week range gave us a ...
Overview
Emini overnight range 2086.50 up to 2099.25 (at 8:55 am)
Overnight Midpoint 2093.00
Previous Day Close 2093.25
Emini S&P is now trading at the bottom part of its range with ...
Nasdaq 100 Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Amazingly efficient NQ tested Y-0 first thing in the week and the selloff started. Target zone Y-2 was tagged quickly and the rest of the week was the classic option expiration week 15+ pts swings til the end of the week.
Outlook
On daily level, NQ does not look “right” in terms of forming a bottom.
If NQ failed to take out B-0 early in the week, we will get another stair step selloff down to B-2.
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