Recap Flushed to downside target as mentioned last week and the expected pause started. Sideway actions all week at 50% range. Closed the week near Y-1 and above midpoint.
Outlook Ledge at 30 min and higher timeframes points to continuation potential. Trend was down before entering the ledge. Breaking below B-1 will give us a slide down to B-3 and below.
Lawrence's Comment
Recap
Not able to clear even previous week close, we got a selloff straight down to my target Y-3 area. Closed the week below Y-2 and near week low.
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Lawrence's Comment
Recap
Just like Dow, everything was pointing to lower prices, yet Y-1 was rejected forcefully in the beginning of the week. That gave us a clue that there ...
Nasdaq 100 Feb 15 to Feb 19 Outlook
Lawrence’s Comment
Flushed to downside target as mentioned last week and the expected pause started. Sideway actions all week at 50% range. Closed the week near Y-1 and above midpoint.
Outlook
Ledge at 30 min and higher timeframes points to continuation potential. Trend was down before entering the ledge. Breaking below B-1 will give us a slide down to B-3 and below.
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