Nasdaq Weekly Outlook 25-29 Oct

If we compare the three major markets we'll see that Nasdaq had failed to reach higher prices when you compare it to S&P and Dow. Before Nasdaq catches up with the other two, I'm expecting to see a lot more squeezes on retail longs and manipulation. So my focus will be on S&P and Dow this week which show relative strength. However, to add any new long positions I will be looking at last week (18-22 October) price range specifically the Discount range, where we should see the retracement to rebalance the buy-side and possibly deeper retracement to fill in the Gap. We'll see how it plays out, happy trading ;)