Recap 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.
Lawrence's Comment
Recap
As expected, another tight range week going nowhere. Closed the week near week high above Y-0.
Outlook
2nd inside week in place. Looking for breakout that sends cable to ...
Overview
Emini overnight range 2071.25 up to 2080.00 (at 9:00 am)
Overnight Midpoint 2075.50
Previous Week High 2066.50
Emini S&P is now trading at the bottom part of its range with ...
Nasdaq 100 Jun 11 to Jun 15 Outlook
Lawrence’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.
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