Nasdaq 100 Feb 24 to Feb 28 Outlook

Recap
Consolidation around previous week close. Pretty standard reaction to a huge run. Closed the week below Y+1 and midpoint.

Outlook
A huge void zone was created below where there was not enough time and volume spent down there. A larger version of consolidation in the making.

NQ could be bounded within a 100-150 point range for the coming few weeks.

Until the excessive buying is absorbed, it is difficult to find directional long term play worths trying. Focus on short term swing and day trading opportunities will be a better plan.