Recap Consolidation around Y+1 as expected. No strong reactions after NFP leading to a quiet close. Closed the week near Y+1 and midpoint.
Outlook Consolidation / ledge actions after significant rally / short squeeze means more upside likely, even though it can be a short lived one. Breaking below B-1 points to quick drop back down to Y-0 / B-3.
Lawrence's Comment
Recap
Hands off recommendation was spot on. Consolidation in tight range between Y-0 and Y-1. Closed the week below Y-0 and near midpoint.
Outlook
Inside week tight range and close ...
Nasdaq 100 Jun 06 to Jun 10 Outlook
Lawrence’s Comment
Consolidation around Y+1 as expected. No strong reactions after NFP leading to a quiet close. Closed the week near Y+1 and midpoint.
Outlook
Consolidation / ledge actions after significant rally / short squeeze means more upside likely, even though it can be a short lived one. Breaking below B-1 points to quick drop back down to Y-0 / B-3.
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