Nasdaq Weekly Outlook Dec 2 (NFP week)The price is consolidating in a higher timeframe inefficiency following the election expansion, which makes market conditions more difficult than usual.
Last week, the price consolidated (time distortion), so this week I would expect an upward expansion towards the weekly target.
Just above the short-term target, there is a bearish propulsion block on the higher time frame. Depending on the reaction in this area, we will see if the weekly target is reached.
This week we have NFP, Powell, and unemployment claims, so I expect volatility.