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.
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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