Trading Edges That Last
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Nasdaq 100 Mar 21 to Mar 25 Outlook
Lawrence’s Comment
Resistance above Y+1 failed to get NQ filling the open gap below. That in turn produced an upside breakout giving us 100% range expansion off the tight range. Closed the week above Y+1 and near week high.
Outlook
Upside triangle points to more upside still in play. Until B+1 turning into resistance with B-0 cleared quickly, long is still in control. Bearish scenario points to B-2 / open gap fill below.
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