Recap As noted last week, a pullback was due. It happened in the first 2 days in the week. But Y-0 was tested and acted as support, so the pullback was over quickly and the retest of Y+1 from there resulted in a close of the week above Y+1.
Outlook Choppy uneventful market. Without a catalyst, NQ may stuck here for sometime.
Lawrence's Comment
Recap
Aussie failed to hold the Y-0 double bottom neckline and flushed down to where it started the up run. The low volume up drift back up to previous week ...
Nasdaq 100 Feb 27 to Mar 02 Outlook
Lawrence’s Comment
As noted last week, a pullback was due. It happened in the first 2 days in the week. But Y-0 was tested and acted as support, so the pullback was over quickly and the retest of Y+1 from there resulted in a close of the week above Y+1.
Outlook
Choppy uneventful market. Without a catalyst, NQ may stuck here for sometime.
A break of B-1 points to at least B-3 in play.
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