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Nasdaq 100 Feb 06 to Feb 10 Outlook
Lawrence’s Comment
Unlike Dow or ES, I have mentioned that NQ cleared an important resistance zone, thus it can go higher still. Here it is, zooming upto Y+3 normal breakout target. Almost printing 200% absolute range expansion. Closed the week at the high.
Outlook
Widest range over many week. Consolidation expected.
Bullish scenario NQ will be trapped in a tight range around B+1.
Bearish scenario NQ will sell off back down to Y+1 to fill the gap below.
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