Nasdaq 100 Feb 08 to Feb 12 Outlook

By News Robot

Lawrence’s Comment

Recap
NQ 4300 resistance led to FBO against Y+1 setup materialized giving us Y-1. Since then Y-0 resistance gave us break down play to Y-2. Closed the week near Y-2 and week low.

Outlook
As mentioned last week the swing low on daily will be in play once we get the FBO setup. A flush to Y-3 can lead to a temporary pause this week. A bounce to Y-1 potential if NQ can find support right below B-1 and above Y-3 early in the week.

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