Recap 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.
Lawrence's Comment
Recap
Updrift all the way as no new news shock coming from Euro zone. The updrift ended with a 3 pushes up and stalled. Closed the week above Y+1 and ...
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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