Nasdaq 100 Feb 21 to Feb 25 Outlook

By News Robot

Lawrence’s Comment

Breached Y+1 early in the week telling us Y+2 in play. Pulled back around 15 points (not quite the 20 points from expectation), then zoom up to target. Pulled back 15 points and closing the week by rallied back to the high.

2nd week range contraction making price projections all piled up within 50 points area from 2360 to 2410. Could be a daily level turning point in the making but not necessary turning down.
A break below B-1 implies B-3 in play.
A break above B+1, however, implies 1st target of B+3 and next at B+5.


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