Recap 3 pushes top then freefall to test and then fill the gap below. Violent swings too. Closed the week below midpoint but higher than Y-1.
Outlook Definitely not as bearish as Dow. The bottom can also be read as potential 3 pushes down if NQ flushes down to a slightly lower low against B-1 and bounce off.
Unless NQ trading significantly lower than B-1 and then failed to rally above B-1, I would not be very bearish on NQ at all.
Received quite a number of emails asking what kind of secret projects I am working on for the site. Well, it is the same ones I have been working on ...
Lawrence's Comment
Recap
No test of Y-0 was possible as NQ gap above Y+1 to start the week. Gap and go sent NQ above Y+2. Closed the week near Y+2 and above ...
Nasdaq 100 Aug 01 to Aug 05 Outlook
Lawrence’s Comment
3 pushes top then freefall to test and then fill the gap below. Violent swings too. Closed the week below midpoint but higher than Y-1.
Outlook
Definitely not as bearish as Dow. The bottom can also be read as potential 3 pushes down if NQ flushes down to a slightly lower low against B-1 and bounce off.
Unless NQ trading significantly lower than B-1 and then failed to rally above B-1, I would not be very bearish on NQ at all.
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