Recap FBO against B+1 gave us a drop back down to close the gap and then equal distance from previous week close. Huge squeeze gave us a new high for the week. Closed the week above Y+1 and midpoint.
Outlook NQ did not tag Y+2 points to lack of stregnth. If NQ cannot clear B+1 this week we are looking at potential breakdown back to Y-1 and below.
Lawrence's Comment
Recap
Cannot even get pass 1.28 and then euro zone sending out more bad news. Y-1 failed to act as support and euro ended up flushing down to ...
Nasdaq 100 Feb 29 to Mar 04 Outlook
Lawrence’s Comment
FBO against B+1 gave us a drop back down to close the gap and then equal distance from previous week close. Huge squeeze gave us a new high for the week. Closed the week above Y+1 and midpoint.
Outlook
NQ did not tag Y+2 points to lack of stregnth. If NQ cannot clear B+1 this week we are looking at potential breakdown back to Y-1 and below.
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