Recap As expected, a rally above Y-0 led to tagging of Y+1. That, however, failed to hold above Y-0 as support for any further upside. Closed the week below midpoint and Y-0.
Outlook Retest of B-1 is likely. No strong directional bias at this point.
Lawrence's Comment
Recap
Took a whole week of up drift to go back up to the top of the resistance zone mentioned last week. Tight range and no conviction. Closed the week ...
Nasdaq 100 Jun 27 to Jul 01 Outlook
Lawrence’s Comment
As expected, a rally above Y-0 led to tagging of Y+1. That, however, failed to hold above Y-0 as support for any further upside. Closed the week below midpoint and Y-0.
Outlook
Retest of B-1 is likely. No strong directional bias at this point.
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