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
Failed to break above previous week close right from the start led to a flush to Y-2 before a bounce can happen. The bounce failed to go ...
Lawrence's Comment
Recap
Upside triangle did not break to the downside at all. Instead, formed an up channel and drifted higher and paused after 50% of prior week range is reached. ...
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.
Share