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
Just like the other majors, we have consolidation until Friday. Fade out new low for the week provided the fuel needed to clear Y+1. Closed the week above Y+1 ...
Lawrence's Comment
Recap
Found support at Y-0 / support zone mentioned last week and started a squeeze up to normal Y+2 target. Resistance at Y+2 dropped Aussie back down to previous week ...
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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