Trading Edges That Last
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Nasdaq 100 Mar 24 to Mar 28 Outlook
Lawrence’s Comment
Situation in Crimea produced the spike reversal I was looking for. It happened overnight from Sunday which is not showing on this chart. Short squeeze produced a measured move back up to equal distance from Y-0. Upside was then capped due to option expiration hedging. Closed the week below Y-0 and near week low.
Outlook
Weakest out of the 3 main indices. Inside week with very weak close. Looking for the remainder of the open gap right below to be taken care of quickly.
As long as NQ can find support around B-2, it has a good chance to bounce back up to 3650 area.
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