Recap Consolidation week. Centered around open in 50% previous week range. Found support at previous week close. Closed the week above Y+1 and near week high.
Outlook Overbought by time. A pullback is due. Not necessary something major, just a quick drop back to Y-0 and then wait and see.
Lawrence's Comment
Recap
Bear flag broken, dropped to B-1 and below as expected. Bounced back up to Y-0 and led to another drop to week low. Closed the week below Y-1 and ...
Recap
Pushed above Y-0 yet fail to hold up. Dropped quickly to Y-1 target zone. Mid week bounce created the midpoint for the week and closed the week at Y-1 ...
Nasdaq 100 Sep 01 to Sep 05 Outlook
Lawrence’s Comment
Consolidation week. Centered around open in 50% previous week range. Found support at previous week close. Closed the week above Y+1 and near week high.
Outlook
Overbought by time. A pullback is due. Not necessary something major, just a quick drop back to Y-0 and then wait and see.
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