Nasdaq 100 Feb 09 to Feb 13 Outlook

By News Robot

Lawrence’s Comment

Recap
NQ bottomed early in the week with Dow and ES but it was not one of the stronger bottoming pattern. Y-0 cleared and then it was a struggle to go higher since. NQ topped at 100% range expansion and reacted violently back down to the start of the up drift. Closed the week above Y-0 and midpoint.

Outlook
A test of Y-0 / B-0 likely. Strong resistance at 4300 zone. A breach of B-0 can easily lead to B-1 and below.

Share

  • You must be logged in to comment. Log in