Recap Unlike Dow, NQ gave a strong performance last week and completed its upside break out target at Y+4 based on monthly. Closed the week near the high.
Outlook A pullback is due. Topping between B+1 to Y+5 will give us the potential downside target of B-0.
Decision will have to be made at B-0, depending on reaction at that price level.
Lawrence's Comment
Recap
Y-1 test confirmed support. Bounced back up but failed to clear Monday high. Closed the week below Y-0 and midpoint.
Outlook
Tight range consolidation. Ledge is formed. Continuation of ...
Lawrence's Comment
Recap
Y-0 acted as support and Aussie zoomed up above Y+1. Closed the week at around Y+1.
Outlook
If Y+1 to B+1 turning into resistance, we likely get a selloff back ...
Nasdaq 100 Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Unlike Dow, NQ gave a strong performance last week and completed its upside break out target at Y+4 based on monthly. Closed the week near the high.
Outlook
A pullback is due. Topping between B+1 to Y+5 will give us the potential downside target of B-0.
Decision will have to be made at B-0, depending on reaction at that price level.
Share