Recap Pullback to near Y-0 as expected. Going sideway consolidation around previous week close in 50% range. Closed the week above Y-1 and near midpoint.
Outlook Consolidation after wide range trend selling usually leads to continuation. Until NQ can clear B+1 daily down trend is intact.
Lawrence's Comment
Recap
Consolidation at 50% previous week range as expected. Closed the week below Y-1 and midpoint.
Outlook
The end of week breakdown is normal for consolidation at Y-1. It is not a ...
Nasdaq 100 May 09 to May 13 Outlook
Lawrence’s Comment
Pullback to near Y-0 as expected. Going sideway consolidation around previous week close in 50% range. Closed the week above Y-1 and near midpoint.
Outlook
Consolidation after wide range trend selling usually leads to continuation. Until NQ can clear B+1 daily down trend is intact.
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