Recap FBO against B+1 gave us a drop back down to close the gap and then equal distance from previous week close. Huge squeeze gave us a new high for the week. Closed the week above Y+1 and midpoint.
Outlook NQ did not tag Y+2 points to lack of stregnth. If NQ cannot clear B+1 this week we are looking at potential breakdown back to Y-1 and below.
Lawrence's Comment
Recap
Gapped down to almost Y-3 to start the week. Then buying just show up and zoomed NQ back up to Y-0. 3 pushes up and failed to go above ...
Lawrence's Comment
Recap
Y-0 resistance gave us a drop to Y-1 support area. Support breached with a bounce that failed to clear the former support. Closed the week below Y-1 and near ...
Nasdaq 100 Feb 29 to Mar 04 Outlook
Lawrence’s Comment
FBO against B+1 gave us a drop back down to close the gap and then equal distance from previous week close. Huge squeeze gave us a new high for the week. Closed the week above Y+1 and midpoint.
Outlook
NQ did not tag Y+2 points to lack of stregnth. If NQ cannot clear B+1 this week we are looking at potential breakdown back to Y-1 and below.
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