Nasdaq 100 Aug 15 to Aug 19 Outlook

By News Robot

Lawrence’s Comment

Recap
B+1 resistance together with low volume gave us consolidation actions all week. Closed the week near Y+1 and above midpoint.

Outlook
Sideway actions with a weak upside triangle formation points to potential upside breakout for Y+2. Such actions can be the making of a blow off top.

Share

  • You must be logged in to comment. Log in