Nasdaq 100 Sep 17 to Sep 21 Outlook

By News Robot

Lawrence’s Comment

Recap
The only index that acted in normal fashion. Pulled back to our target zone as expected and then Fed announcement was right on time to send NQ for a measured moved higher. Closed the week above Y+1.

Outlook
Very healthy pullback to old year high zone and then going higher. No complain about that at all. MM move higher looks normal too.

Many readers probably do not remember what happened back in the dotcom bubble era. It was not a v-shape selloff from the peak. There were multiple pushes up with very wild swings in between. One of those swing lows is now in sight for NQ. This 2860-2900 area if proven to be strong resistance, a drop of 100+ points in NQ is expected.

Share

  • You must be logged in to comment. Log in