Lawrence's Comment
Recap
Resistance above Y+1 failed to get NQ filling the open gap below. That in turn produced an upside breakout giving us 100% range expansion off the tight range. Closed ...
Lawrence's Comment
Recap
NQ started the week trading above Y+1 opening the door to Y+2 and Y+3 for 100% range expansion. Y+3 tagged with NQ going sideway a bit. End of week ...
Lawrence's Comment
Recap
Y-0 resistance sent ES lower. Attempt to hold above Y-1 failed and resulting in a gap down that sparked a flush to Y-2 downside target. Strong reversal from there ...
Nasdaq 100 Aug 08 to Aug 12 Outlook
Lawrence’s Comment
1-2-3 sell from Y+1 gave us Y-0. Y-0 support sent NQ back up to Y+1 and breakout to Y+2. Closed the week near Y+2 and week high.
Outlook
Uptrend intact. B+1 resistance can drop NQ back down to B-0. Until B-0 turning into resistance bulls are still in control.
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