Nasdaq 100 Oct 08 to Oct 12 Outlook

By News Robot

Lawrence’s Comment

Recap
NQ did not follow Dow going all wild to the upside in the beginning of the week. It was the normal one last week. Failed to push above Y-0 in beginning of the week gave way to gap fill below (right above Y-1). As Dow took off, NQ was dragging back up and eventually tested the resistance zone mentioned last week. NQ was rejected by the resistance and sold back down. Closed the week below midpoint and Y-0.

Outlook
Inside week. Same midpoint. Closed near midpoint. Very strong breakout structure in place. Slight bias for the short side as that is current trend on daily at the moment. Downside target B-3 and below once we get a clean break.

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