Nasdaq 100 Sep 16 to Sep 20 Outlook

By News Robot

Lawrence’s Comment

Recap
Upside breakout right from the start of the week. Y-2 tagged and acted as resistance. NQ pulled back to week mid and consolidate. Closed the week around midpoint and above Y+1.

Outlook
NQ in bull flag on 30-min and hourly. Strongest among the 3 indices. As long as B-1 holds, NQ can breakout above the bull flag resistance to retest B+1. If that happens, B+1 will not be able to hold this down.

Extremely unstable market condition with market breadth all over the place. Year 2000 was the year that we have such readings across various breadth data. Get ready for huge roller coaster rides.

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