Recap Going higher as expected. Consolidated around Y+1 at 50% previous week range. Zoomed up to upside target of Y+2 by end of week. Closed the week near week high and Y+2.
Outlook Gaps all over the place. Probability favours B-0 to be tagged some time next week.
As long as B-0 acts as support, new high likely next week.
Lawrence's Comment
Recap
Expectation of open gap below to be filled has materialized. Took multiple steps of decline to get the job done. Closed the week below Y-2 and midpoint.
Outlook
Structure ...
Nasdaq 100 Aug 06 to Aug 10 Outlook
Lawrence’s Comment
Going higher as expected. Consolidated around Y+1 at 50% previous week range. Zoomed up to upside target of Y+2 by end of week. Closed the week near week high and Y+2.
Outlook
Gaps all over the place. Probability favours B-0 to be tagged some time next week.
As long as B-0 acts as support, new high likely next week.
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