Recap Y-0 resistance sent NQ down to near Y-2 target mentioned last week. Worked out well but then rumors and news shock dominated the rest of the week. Closed the week near Y-0 and above midpoint.
Outlook See comments on Dow.
Step step sell off on daily in the making. As long as Y+1 / B+1 zone acting as resistance, the next take down will drop NQ down to B-3.
Lawrence's Comment
Recap
The bounce back to B-0 was expected but you cannot predict the time that the governments would take action in the scale like last week. The interesting ...
Nasdaq 100 Jul 13 to Jul 17 Outlook
Lawrence’s Comment
Y-0 resistance sent NQ down to near Y-2 target mentioned last week. Worked out well but then rumors and news shock dominated the rest of the week. Closed the week near Y-0 and above midpoint.
Outlook
See comments on Dow.
Step step sell off on daily in the making. As long as Y+1 / B+1 zone acting as resistance, the next take down will drop NQ down to B-3.
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