Recap NQ did not even move any lower and pushed straight up right from the start of the week. It got Y+1 and stopped only after it has tagged the year high. Closed the week near Y+1 and above midpoint.
Outlook As long as Y+1 / B+1 acting as resistance, NQ is likely to drop back down to B-0.
Nasdaq 100 Apr 29 to May 03 Outlook
Lawrence’s Comment
NQ did not even move any lower and pushed straight up right from the start of the week. It got Y+1 and stopped only after it has tagged the year high. Closed the week near Y+1 and above midpoint.
Outlook
As long as Y+1 / B+1 acting as resistance, NQ is likely to drop back down to B-0.
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