Nasdaq 100 Jun 10 to Jun 14 Outlook

By News Robot

Lawrence’s Comment

Recap
NQ flushed to Y-2 in the beginning of the week and bounced off. Similar to Dow, its test of Y-0 failed to push higher and opened the door to retest Y-2. NQ flushed through Y-2 and tagged Y-3 before it could find a bottom. Intervention produced a very strong squeeze landing NQ above its multiple weeks resistance line. Closed the week above Y-1 and midpoint.

Outlook
NQ is strongest in its overall reversal as it also cleared its multiple week resistance. As long as NQ can zoom higher quickly early this week, next upside targets are B+1 and Y+1.

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