Recap Flush to Y-2 right off the start of the week and produced a double bottom. Zoomed to Y+1 from a gap up above B-0 as expected. Closed the week at Y+1.
Outlook Outside week with strong close points to consolidation around B+1. Am expecting NQ to fail to push above Y+2. It will also be very difficult to fall below Y-0.
Lawrence's Comment
Recap
Breadth weaknesses dictate the week even though there were multiple attempts to rally the market back up. Closed the week below Y-0 and midpoint.
Outlook
B-0 / Y-0 zone ...
Nasdaq 100 Apr 30 to May 04 Outlook
Lawrence’s Comment
Flush to Y-2 right off the start of the week and produced a double bottom. Zoomed to Y+1 from a gap up above B-0 as expected. Closed the week at Y+1.
Outlook
Outside week with strong close points to consolidation around B+1. Am expecting NQ to fail to push above Y+2. It will also be very difficult to fall below Y-0.
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