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Nasdaq 100 Mar 04 to Mar 08 Outlook
Lawrence’s Comment
NQ gapped up to my upside target then sold off hard to th below Y-1. Once NQ reclaimed Y-1, it started a strong sequeeze back up to near week high again. After 3rd try pushing againt the resistance failed, NQ slided back down to midpoint. Closed the week aobve Y-0 and midpoint.
Outlook
More bullish than last week as 2700 is rejected a 2nd time with very strong reaction. As long as B-0 is acting as support a rush to above B+1 is likely and even B+2 is possible.
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