Recap Strongest among the major indices but bear flag / up channel rally does not last. Breaking down from the channel sent NQ back down to Y-0 quickly. Closed the week above Y-0 and below midpoint.
Outlook Y+1 / B-0 resistance will give us a drop down to Y-1 / B-2 and can unlock the open gap below.
Nasdaq 100 Mar 28 to Apr 01 Outlook
Lawrence’s Comment
Strongest among the major indices but bear flag / up channel rally does not last. Breaking down from the channel sent NQ back down to Y-0 quickly. Closed the week above Y-0 and below midpoint.
Outlook
Y+1 / B-0 resistance will give us a drop down to Y-1 / B-2 and can unlock the open gap below.
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