Recap Started the week with bear flag and broken down to Y-2 quickly. That triggered waterfall effect to drop lower as there was no support nearby as explained last week. Y-3 / 4300 round number produced the first bounce but too weak to hold up. Closed the week near Y-3 and below midpoint.
Outlook B-1 acting as support or FBO against it early in the week will give NQ an excuse to zoom higher to B-0.
Lawrence's Comment
Recap
ES tagged Y-0 first before moving lower. That helped ES in finding support above the open gap below. FBO against Y-1 gave us a run back up to week ...
Lawrence's Comment
Recap
Start of the week held up well around the close. Y+1 upside break out gave us the Y+2 target. Y+2 tagged and a pullback started. Dow gapped lower to ...
Nasdaq 100 Mar 16 to Mar 20 Outlook
Lawrence’s Comment
Started the week with bear flag and broken down to Y-2 quickly. That triggered waterfall effect to drop lower as there was no support nearby as explained last week. Y-3 / 4300 round number produced the first bounce but too weak to hold up. Closed the week near Y-3 and below midpoint.
Outlook
B-1 acting as support or FBO against it early in the week will give NQ an excuse to zoom higher to B-0.
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