Recap Started the week with bear flag and broken down to Y-2 quickly. That triggered waterfall effect to drop lower as there was no support nearby as explained last week. Y-3 / 4300 round number produced the first bounce but too weak to hold up. Closed the week near Y-3 and below midpoint.
Outlook B-1 acting as support or FBO against it early in the week will give NQ an excuse to zoom higher to B-0.
Lawrence's Comment
Recap
My favorite pair behaved nicely last week. Sold off as expected and dropped down to almost Y-3 target before it staged the bounce. Closed the week above midpoint and ...
Lawrence's Comment
Recap
Y-0 acted as resistance, down trend continued. Sold off to my downside target by the end of the week. Closed the week near week low and below Y-2.
Outlook
Not time ...
Nasdaq 100 Mar 16 to Mar 20 Outlook
Lawrence’s Comment
Started the week with bear flag and broken down to Y-2 quickly. That triggered waterfall effect to drop lower as there was no support nearby as explained last week. Y-3 / 4300 round number produced the first bounce but too weak to hold up. Closed the week near Y-3 and below midpoint.
Outlook
B-1 acting as support or FBO against it early in the week will give NQ an excuse to zoom higher to B-0.
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