Trading Edges That Last
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Nasdaq 100 Mar 14 to Mar 18 Outlook
Lawrence’s Comment
Resistance at previous week close kept NQ from going higher with the other 2 indices. A flush back down to pre-break out crime scene produced a sharp rally clearing the previous week close resistance. Closed the week near Y+1 and week high.
Outlook
More upside potential but can turn into blow off top setup. B+2 / Y+2 resistance can send NQ straight back down to B-0 and below.
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