Trading Edges That Last
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Nasdaq 100 Mar 30 to Apr 03 Outlook
Lawrence’s Comment
Bearish expectation played out nicely. NQ simply failed to clear previous week close and dropped from there back down to Y-0. Once Y-0 is cleared, it turned into all out sell off down to below Y-1. NQ finally found support near last daily swing low and bounced. Closed the week near Y-0 and below midpoint.
Outlook
Wide range sell off points to consolidation play this week. 50% range likely and stuck between B-0 and B-1 also likely.
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