Nasdaq 100 Apr 27 to May 01 Outlook

By News Robot

Lawrence’s Comment

Recap
NQ gap and go right from the start of the week to clear the strong resistance of Y-0 and filled the open gap above. This led to retest of Y+1 and eventual breakout to Y+2 and above. Closed the week above Y+2 and near week high.

Outlook
Blow off run in the making, can mean slow drift up further until Y+3 normal surprise breakout target. B+1 turning into resistance will give us a pullback to at least filling the open gap below.

Share

  • You must be logged in to comment. Log in