Recap Y-0 resistance dropped NQ below Y-1. Yet it was not supported by other indices. FBO against Y-1 forced a test of Y-0 and gap push above Y+1. Closed the week near Y+1 and above midpoint.
Outlook Y+1 / B+1 resistance will give us a drop back down to B-0.
Lawrence's Comment
Recap
A flush to Y-2 resulted in a quick bounce back above Y-1. That puts Y+1 in play. As mentioned last week, we are looking for a run ...
Lawrence's Comment
Recap
As mentioned last week, got our violent retest of Y-0 and flushed to the downside targets. Closed the week near week low and below Y-2.
Outlook
Consolidation with more downside.
If B-0 ...
Lawrence's Comment
Recap
Strong support at Y-1 sent this back up to Y-0. 2nd attempt to push this down to Y-1 met with stronger buying still. Y-0 cleared and Y+1 tagged. Closed ...
Lawrence's Comment
Recap
The easiest play of last week. Found support, zoomed back up to above Y+1 target as mentioned last week. Sharp pullback to almost Y-0 and then popped higher. Closed ...
Nasdaq 100 Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Y-0 resistance dropped NQ below Y-1. Yet it was not supported by other indices. FBO against Y-1 forced a test of Y-0 and gap push above Y+1. Closed the week near Y+1 and above midpoint.
Outlook
Y+1 / B+1 resistance will give us a drop back down to B-0.
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