Recap NQ pushed higher but mainly in consolidation mode. Closed the week near Y+1 and midpoint.
Outlook NQ consolidation at the top of the rally points to more upside potential. External forces may drop NQ suddenly and hard down to B-1 or even Y-0 but that will not affect the up trend much until a proper topping formation is formed on weekly.
Lawrence's Comment
Recap
Tagged target right at the start of the week and bounced. That opened the door to Y-2 as it failed to pop above the resistance area stated ...
Lawrence's Comment
Recap
Cable never even tested Y-0 and held up around Y+1. When BOE talked, all out breakout happened. Normal Y+3 target tagged but it could not stop the run. Closed ...
Nasdaq 100 Mar 02 to Mar 06 Outlook
Lawrence’s Comment
NQ pushed higher but mainly in consolidation mode. Closed the week near Y+1 and midpoint.
Outlook
NQ consolidation at the top of the rally points to more upside potential. External forces may drop NQ suddenly and hard down to B-1 or even Y-0 but that will not affect the up trend much until a proper topping formation is formed on weekly.
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