Recap Similar to Dow, NQ collapsed to Y-1 early in the week and bounced right off. NQ, however, is so strong after Apple’s announcement on its new products, that the cash index actually made a new high althought the switched over Jun contract has not printed a new high on the continuous chart shown.
Outlook Based on continuous chart, as long as Y+1 to B+1 is acting as resistance, B-0 and the gap below in the chart is in play.
Lawrence's Comment
Recap
Unlike NQ, ES ended last week without filling the gap above completely. ES was the weaker one. The rally was a controlled one because by the end of ...
Nasdaq 100 Mar 12 to Mar 16 Outlook
Lawrence’s Comment
Similar to Dow, NQ collapsed to Y-1 early in the week and bounced right off. NQ, however, is so strong after Apple’s announcement on its new products, that the cash index actually made a new high althought the switched over Jun contract has not printed a new high on the continuous chart shown.
Outlook
Based on continuous chart, as long as Y+1 to B+1 is acting as resistance, B-0 and the gap below in the chart is in play.
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