Trading Edges That Last
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Nasdaq 100 Feb 14 to Feb 18 Outlook
Lawrence’s Comment
As mentioned last week, once 2350 is taken out, 50% upside range expansion is expected and that is 2380 area. All attempts to stop the rally in the beginning of the week has failed. Closed at the upside target.
Outlook
Option expiration week has a strong bias to swing 20+ points many times before the settlement on Friday. So, look for breakout/turning points around B+2, B+1, B-0, and B-1. Lots of trading opportunities.
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