Nasdaq 100 Jun 04 to Jun 08 OutlookBy on 2012 Jun 2 Sat 7:05:06
Nasdaq has a cleaner failed breakout than Dow early in the week. Yet it did not drop to Y-1 at all, until euro zone news shock sending dip buyers into panic mode. Closed the week at the low.
An oddly shaped trend sell week. That points to high probability of at least 20-25% range expansion to the downside.
Government intervention looming.
Daytrading probably better than swing trading this week as we cannot tell what the officials may do to shock the markets again.