Recap Early part of the week was a weak drift towards previous week close from below. As that failed to push higher, Y-2 was tagged. Then the multi-stage news shock created a short squeeze to force NQ to close at the week high.
Outlook Y+1 in play. Taking that out and within 2 weeks B+2 is possible as long as the gap below near B-0 is not challenged.
Lawrence's Comment
Recap
Tried very hard to form a low above the support zone mentioned last week yet failed to do so. Landing at the target zone finally resulted in extreme ...
Nasdaq 100 Jul 02 to Jul 06 Outlook
Lawrence’s Comment
Early part of the week was a weak drift towards previous week close from below. As that failed to push higher, Y-2 was tagged. Then the multi-stage news shock created a short squeeze to force NQ to close at the week high.
Outlook
Y+1 in play. Taking that out and within 2 weeks B+2 is possible as long as the gap below near B-0 is not challenged.
Share