Nasdaq 100 Mar 09 to Mar 13 Outlook

By News Robot

Lawrence’s Comment

Recap
NQ started out the week very strong tagging Y+2. It then failed to hold above Y+1 and slided all the way back down to Y-1 which I warned about. From there NQ continues to show strength by rallying back up to Y+1. After NFP was out, NQ could no longer hold up and collapsed straight down to Y-3.

Outlook
NQ does not have a lot of support at the current level. If higher timeframe players show up, NQ may be able to bounce from Y-4 area and consolidate from there. Until B-1 is proven support, up side is limited.

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