Recap Monday weak close and then gapped down to open gap below. Bounced off at once. Y-0 support led to a squeeze back up to Y+1. Closed the week above Y-0 and midpoint.
Outlook Weakest of the 3 major indices. Rising wedge like formation. B+1 resistance can send this back down to B-0 / Y-0 again.
Lawrence's Comment
Recap
Down channel turned into a wedge. Then breakout happened conveniently at the right time sending this back up to my target above. 200% absolute range expansion stopped the run. ...
Lawrence's Comment
Recap
ES behaves more like NQ like week than Dow. Early in the week ES found support at 2000 round number zone and cleared Y-0 on 2nd try. Y-0 support ...
Nasdaq 100 May 18 to May 22 Outlook
Lawrence’s Comment
Monday weak close and then gapped down to open gap below. Bounced off at once. Y-0 support led to a squeeze back up to Y+1. Closed the week above Y-0 and midpoint.
Outlook
Weakest of the 3 major indices. Rising wedge like formation. B+1 resistance can send this back down to B-0 / Y-0 again.
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