Recap As noted last week, a pullback was due. It happened in the first 2 days in the week. But Y-0 was tested and acted as support, so the pullback was over quickly and the retest of Y+1 from there resulted in a close of the week above Y+1.
Outlook Choppy uneventful market. Without a catalyst, NQ may stuck here for sometime.
Nasdaq 100 Feb 27 to Mar 02 Outlook
Lawrence’s Comment
As noted last week, a pullback was due. It happened in the first 2 days in the week. But Y-0 was tested and acted as support, so the pullback was over quickly and the retest of Y+1 from there resulted in a close of the week above Y+1.
Outlook
Choppy uneventful market. Without a catalyst, NQ may stuck here for sometime.
A break of B-1 points to at least B-3 in play.
Share