Recap As noted last week, a pullback was due. It happened in the first 2 days in the week. But Y-0 was tested and acted as support, so the pullback was over quickly and the retest of Y+1 from there resulted in a close of the week above Y+1.
Outlook Choppy uneventful market. Without a catalyst, NQ may stuck here for sometime.
Lawrence's Comment
Recap
Broken Y-0 right at the beginning of the week, tagged target Y-1 quickly. Bounced back to Y-0 where it acted as resistance, pointing to 50% downside expansion ...
Lawrence's Comment
Recap
As expected more weaknesses this week and the spike low almost tagged Y-3. Closed the week at exactly the midpoint.
Outlook
Being able to bounce before Y-3 was tagged means ...
Nasdaq 100 Feb 27 to Mar 02 Outlook
Lawrence’s Comment
As noted last week, a pullback was due. It happened in the first 2 days in the week. But Y-0 was tested and acted as support, so the pullback was over quickly and the retest of Y+1 from there resulted in a close of the week above Y+1.
Outlook
Choppy uneventful market. Without a catalyst, NQ may stuck here for sometime.
A break of B-1 points to at least B-3 in play.
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