Recap Made a slightly higher high first and sold off to the support zone mentioned last week. NQ then took off and never look back. Closed near the high of the week.
Outlook Higher timeframes in control and all resistance zones so far have not been able to hold NQ down.
As long as Y-0 to B-0 acts as support, NQ can continue going higher until the short sellers are exhausted.
Have you ever wonder why you like to use 5-minute bars to trade something, and then, all of a sudden, switch into another time frame like 15-minute bar to monitor ...
Nasdaq 100 Oct 31 to Nov 04 Outlook
Lawrence’s Comment
Made a slightly higher high first and sold off to the support zone mentioned last week. NQ then took off and never look back. Closed near the high of the week.
Outlook
Higher timeframes in control and all resistance zones so far have not been able to hold NQ down.
As long as Y-0 to B-0 acts as support, NQ can continue going higher until the short sellers are exhausted.
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