Recap Flushed to downside target as mentioned last week and the expected pause started. Sideway actions all week at 50% range. Closed the week near Y-1 and above midpoint.
Outlook Ledge at 30 min and higher timeframes points to continuation potential. Trend was down before entering the ledge. Breaking below B-1 will give us a slide down to B-3 and below.
Lawrence's Comment
Recap
Another one played out as expected. Bounce from Y-0 was weak and as expected could not even get close to Y+1. Sold off down to near Y-1 and bounced. ...
Nasdaq 100 Feb 15 to Feb 19 Outlook
Lawrence’s Comment
Flushed to downside target as mentioned last week and the expected pause started. Sideway actions all week at 50% range. Closed the week near Y-1 and above midpoint.
Outlook
Ledge at 30 min and higher timeframes points to continuation potential. Trend was down before entering the ledge. Breaking below B-1 will give us a slide down to B-3 and below.
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