Lawrence’s Comment
Recap Previous week close support helped NQ pushing higher. 100% absolute range expansion completed. Closed the week above Y+2 and midpoint.
Outlook
NQ has been climbing higher with weakening breadth support. Once uptrend is broken, a steep pullback is likely with B-2 / Y-1 target.
Share
Nasdaq 100 Aug 01 to Aug 05 Outlook
Lawrence’s Comment
Previous week close support helped NQ pushing higher. 100% absolute range expansion completed. Closed the week above Y+2 and midpoint.
Outlook
NQ has been climbing higher with weakening breadth support. Once uptrend is broken, a steep pullback is likely with B-2 / Y-1 target.
Share