Nasdaq 100 Oct 10 to Oct 14 Outlook

By News Robot

Lawrence’s Comment

Recap
Broken the 2100 support and zoomed down to Y-2 zone. Bounced off quickly back upto Y-0 area and closed the week below Y-0.

Outlook
Rally off unconfirmed rumors and news flying around the world do not qualify as proper catalyst to trend reversal. To reverse this down trend NQ will have to break above B+1 and that B-0 to B+1 has to turn into a support zone for the upside break out to be valid.

More likely scenario is a sell off back down to at least B-0 first and even lower at Y-2 testing the strength of this rally.

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