Recap Resistance at previous week close kept NQ from going higher with the other 2 indices. A flush back down to pre-break out crime scene produced a sharp rally clearing the previous week close resistance. Closed the week near Y+1 and week high.
Outlook More upside potential but can turn into blow off top setup. B+2 / Y+2 resistance can send NQ straight back down to B-0 and below.
Lawrence's Comment
Recap
Not even tagging 1.05 and stalled right off previous week high. Dropped down to Y-1 and bounced back to Y-0. Closed the week below midpoint.
Outlook
Pullback as expected. ...
Nasdaq 100 Mar 14 to Mar 18 Outlook
Lawrence’s Comment
Resistance at previous week close kept NQ from going higher with the other 2 indices. A flush back down to pre-break out crime scene produced a sharp rally clearing the previous week close resistance. Closed the week near Y+1 and week high.
Outlook
More upside potential but can turn into blow off top setup. B+2 / Y+2 resistance can send NQ straight back down to B-0 and below.
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