Nasdaq 100 Mar 28 to Apr 01 Outlook

By News Robot

Lawrence’s Comment

The likely (normal) scenario did not happen and Y-0 was taken out by a gap. Mid gap acted as support and rallied to upside target of Y+1 and filled the upside gap instead. Closed the week above Y+1 (previous week high).

Y+1 downto B-0 is strong support. A bottom formation from there implies a rally upto B+2 over the coming few weeks.

As the range of past 2 weeks are very wide. Daytrading will be more difficult than usual.


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