Trading Edges That Last
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Nasdaq 100 Mar 14 to Mar 18 Outlook
Lawrence’s Comment
Broken Y-0 right at the beginning of the week, tagged target Y-1 quickly. Bounced back to Y-0 where it acted as resistance, pointing to 50% downside expansion as target (Y-2). Tagged that as well later in the week and closed below Y-1.
Outlook
Downtrend established but first order of things is testing the gap zone upto B-0. As long as B-0 upto Y-0 acts as resistance, B-1 will be revisited later in the week.
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