Nasdaq 100 Mar 07 to Mar 11 Outlook

By News Robot

Lawrence’s Comment

Feb close acted as resistance and selloff to fill gap below. That was the play mentioned last week. But it was all we got from the formation. 1-2-3 buy off the gap bottom points to a retest of week high and we got that as well. Friday struggled at Y+1 and sold off back down to week midpoint and closed the week above midpoint.

If at the start of the week we get a selloff breaking B-0, then B-1 is very likely.

The more interesting scenario, however, is that a rally taking out B+1 quickly and close the gap above. As long as B+1 acts as support B+2 is the target.


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