Trading Edges That Last
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Nasdaq 100 Jan 11 to Jan 15 Outlook
Lawrence’s Comment
NQ gapped down to sell off target right off the start of the week. Long term channel support turned into resistance leading to trend sell all week. Closed the week below Y-5 and near week low.
Outlook
A flush down below B-1 and quick snap back without tagging B-2 points to a relief rally back up to B-0 and above.
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