Nasdaq 100 Feb 13 to Feb 17 Outlook

By News Robot

Lawrence’s Comment

Recap
Bullish scenario unfolded. 50% range of the week prior to last. Closed the week at midpoint and above Y+1.

Outlook
Strongest of the 3 indices. No weaknesses at all so far as the highest support level is not even breached.

Retest of B+1 is possible and more likely than breaking down immediately.

The less likely scenario is that NQ gap down right from the beginning of the week to below B-1, B-2 will be tagged quickly.

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