Nasdaq 100 Feb 23 to Feb 27 Outlook

By News Robot

Lawrence’s Comment

Recap
No pullback, just consolidation in tight range around previous week close / high zone. NQ then took off with ES and Dow upon the non-resolution in Europe on Friday. Closed the week above Y+1 and at week high.

Outlook
Once in a blue moon we get option expiration to close at the extreme of the range. We just got one this month and it is bullish for at least pushing higher into B+2 zone.

Until we get a sudden reversal that breaks B-1, the up trend can accelerate from here until most of the weak shorts are crushed.

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