Weekly Analysis for #NDX for 15-19 March 2021

Trend: Daily/Weekly/Monthly: Up/Mixed/Mixed
Hammer week but weakness persist. Expect it to lag SPX and RUT still. 3 possible scenarios: 1) If 13027-95 holds, look for shorts targeting 12417-41 support zone. This zone should offer a bounce to 12771. 2) We have a fast rally from open to 13275, or even 13621 zone by Tuesday or Wednesday, where we see a sharp rejection for a strong move down to 12771. 3) We open in Globex and sell off start, targeting 12417 before a bounce to 12611 and further selling to 11921-45 IMO, scenario 1 is most likely.
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