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.
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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