Nasdaq 100 Mar 03 to Mar 07 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation actions as expected. Rally towards end of week was mainly a stop hunt. Sold off by end of the week due to news shock regarding conflict in Ukraine. Closed the week above Y+1 and midpoint.

Outlook
No strong bias for either direction. Closing near open of the week points to indecision. B-1 is now very important support. Once it is breached a flush back down to B-3 is likely.

Share

  • You must be logged in to comment. Log in