Recap NQ Y+1 resistance gave us the drop to Y-0 as expected and that in turn unlocked the open gap and led to free fall back down to Y-1. NQ found support at 100% absolute range expansion and bouned. Closed the week below Y-0 and midpoint.
Outlook Y-0 / B-0 very strong resistance until proven otherwise. A break of Y-1 / B-1 will give us B-2 easily.
Lawrence's Comment
Recap
Cable zoomed back up and held my support zone. That gave us a go for the Y+1 and above play. Cable zoomed higher later in the week. Closed the ...
Lawrence's Comment
Recap
Same as Dow, NQ held Y-0 giving us the Y+2 target. Y+2 was blown through later the week with Y+3 tagged. Closed the week at Y+3 and week high.
Outlook
As ...
Nasdaq 100 Apr 25 to Apr 29 Outlook
Lawrence’s Comment
NQ Y+1 resistance gave us the drop to Y-0 as expected and that in turn unlocked the open gap and led to free fall back down to Y-1. NQ found support at 100% absolute range expansion and bouned. Closed the week below Y-0 and midpoint.
Outlook
Y-0 / B-0 very strong resistance until proven otherwise. A break of Y-1 / B-1 will give us B-2 easily.
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