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
I was looking for a reversal and we got it. The run back up to Y+1 was not a surprise. What is interesting is the continuous grind up despite ...
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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