Trading Edges That Last
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As Featured In
Nasdaq 100 Feb 02 to Feb 06 Outlook
Lawrence’s Comment
NQ failed to clear prior week close and collapsed back down to Y-0. Y-0 has been acting as resistance since and sent NQ down to Y-1. Y-1 support led to a bounce back up to Y-0 again. Closed the week below Y-0 and midpoint.
Outlook
Two way potential. IHS at the start of the week clearing 4200 quickly points to a reversal back up to Y+1. Continuation sell off down to B-1 will likely range expand to B-2. Very difficult week to trade given the wide decision range is involved.
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