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
Aussie consolidated around Y-0. Stop run happen to both sides. Closed the week near Y-0 and midpoint.
Outlook
Although gold has been strong last week, Aussie failed to follow. It is ...
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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