Recap Surprise upside breakout gave us Y+3 target. It was reached mid week and as more shorts are trapped, an all out squeeze sent NQ up to Y+5. Closed the week near Y+5 and week high.
Outlook Huge gaps left behind points to instability. 2-way swings expected with deep pullback to B-0 possible.
Lawrence's Comment
Recap
Pullback to Y-0 as expected. Rally from there and printed new high consistent with my bullish bias. Cannot ask for more. Closed the week at week high and above ...
Nasdaq 100 Jul 20 to Jul 24 Outlook
Lawrence’s Comment
Surprise upside breakout gave us Y+3 target. It was reached mid week and as more shorts are trapped, an all out squeeze sent NQ up to Y+5. Closed the week near Y+5 and week high.
Outlook
Huge gaps left behind points to instability. 2-way swings expected with deep pullback to B-0 possible.
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