Nasdaq 100 Feb 01 to Feb 05 Outlook

By News Robot

Lawrence’s Comment

Recap
NQ forced back down to Y-0 as expected. Strong buying defended Y-0 and sent NQ back up to retest Y+1. Closed the week near Y+1 and week high.

Outlook
Upside breakout will give us B+2. Very strong resistance on weekly basis above B+2. 4300 resistance dropping NQ back down below Y+1 / B+1 can lead to FBO setup for breakdown play down the Y-1 in coming weeks.

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