Nasdaq 100 Dec 19 to Dec 23 Outlook

By News Robot

Lawrence’s Comment

Recap
2300 turned into resistance. Dropped quickly to Y-3 area as expected. Closed the week below Y-2.

Outlook
Option expiration week is over. This week the bias is in general the opposite of what happened in op ex week. So a bounce to B-0 and Y-1 is expected.

The uncertainty part is that euro zone crisis causing more global panic selling, if that started and B-1 failed to hold up NQ, B-2 will be in play.

Share

  • You must be logged in to comment. Log in