Recap Sharp pullback in the beginning of the week fulfilled the minimal pullback expectation. Pre-Brexit weekly close support sent NQ straight up. 50% absolute range expansion reached. Closed the week above Y+1 and near week high.
Outlook B-0 / Y+1 now support until proven otherwise. Not a stable trend so far as it is mainly driven by short squeeze. How things unfold above B+1 / B+2 zone will tell us if this rally has legs.
Lawrence's Comment
Recap
Y-0 did not hold Aussie down. Gold surged in beginning of the week. Good enough excuses to pop Aussie to Y+2. After tagging Y+2 normal upside target, ...
Nasdaq 100 Jul 11 to Jul 15 Outlook
Lawrence’s Comment
Sharp pullback in the beginning of the week fulfilled the minimal pullback expectation. Pre-Brexit weekly close support sent NQ straight up. 50% absolute range expansion reached. Closed the week above Y+1 and near week high.
Outlook
B-0 / Y+1 now support until proven otherwise. Not a stable trend so far as it is mainly driven by short squeeze. How things unfold above B+1 / B+2 zone will tell us if this rally has legs.
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