Nasdaq 100 Mar 21 to Mar 25 Outlook

By News Robot

Lawrence’s Comment

Gap zone tested and failed to fill the gap. Price breakdown to Y-2. Bounced back to Y-1. Then 100% absolute range expansion to the downside stopped the drop. All measured and working as prescribed in STOPD. Last part of the week spent drifting below B-0 midpoint of the week.

A rally taking out B-0 quickly in the beginning of the week means B+1 is likely target.

A retest of B-1, however is the more likely scenario. Breaking B-1 points to B-2 as the next lower price level that has a 50/50 chance to stop this down leg.


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