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.
Lawrence's Comment
Recap
Weakening of USD across all other majors forced ninja to go sideway. Y-0 test from above confirmed support and Y+1 tagged after. Consolidation since. Closed the week above Y-0 ...
Overview
Emini overnight range 2176.00 to 2183.00 (at 9:00 am)
Overnight Midpoint 2179.50
Previous Day Mid 2172.00
Battleplan for the Day
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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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