Nasdaq 100 Aug 18 to Aug 22 Outlook

By News Robot

Lawrence’s Comment

Recap
Bullish scenario unfolded as Y+1 tagged first with Y-0 support leading to a run to Y+2. Option expiration Friday even jumped NQ to Y+3 by open yet failed to hold onto the gain. Closed the week above Y+2 and midpoint.

Outlook
Potential FBO against previous month high / former year high. Breach of B-0 points to a flush to at least below B-1 / Y-0.

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