Nasdaq 100 Sep 29 to Oct 03 Outlook

By News Robot

Lawrence’s Comment

Recap
Back to Y-0 quickly as expected. Double bottom on 30-min forced a run to previous week close. No fuel to go higher right after and dropped straight down to Y-1. Closed the week below Y-0 and near midpoint.

Outlook
First time this year NQ showing some weaknesses. Yet Y-1 defended implies the daily uptrend is not fully invalidated. The fight to hold B-0 will be intense. Expect wild swings that may tag both B+1 and B-1 this coming week.

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