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
Weakest of the 3 major indices. The dirty bottom mentioned last week was being retested by the end of the week. Closed the week below Y-3 and near week ...
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.
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