Recap NQ gapped up to my upside target then sold off hard to th below Y-1. Once NQ reclaimed Y-1, it started a strong sequeeze back up to near week high again. After 3rd try pushing againt the resistance failed, NQ slided back down to midpoint. Closed the week aobve Y-0 and midpoint.
Outlook More bullish than last week as 2700 is rejected a 2nd time with very strong reaction. As long as B-0 is acting as support a rush to above B+1 is likely and even B+2 is possible.
Recap of last week Flush to target red zone 1.31 right off the start of the week. Then a reversal started mid week that retested the original target zone ...
Nasdaq 100 Mar 04 to Mar 08 Outlook
Lawrence’s Comment
NQ gapped up to my upside target then sold off hard to th below Y-1. Once NQ reclaimed Y-1, it started a strong sequeeze back up to near week high again. After 3rd try pushing againt the resistance failed, NQ slided back down to midpoint. Closed the week aobve Y-0 and midpoint.
Outlook
More bullish than last week as 2700 is rejected a 2nd time with very strong reaction. As long as B-0 is acting as support a rush to above B+1 is likely and even B+2 is possible.
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