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Nasdaq 100 Jun 11 to Jun 15 Outlook
By News Robot on 2012 Jun 9 Sat 7:05:10Lawrence’s Comment
Breached Y-1 to the downside as expected. News shock after sent shorts scrambling to cover. 100% range expansion and stalled. Held Y-0 as support. Closed the week near week high.
Outlook
Early next week if B+1 / Y+1 turned into resistance will send NQ back down to B-0 quickly. And it is not necessarily the start of a downtrend.
Otherwise, looking for a drift up to above B+1.