Recap As expected, a rally above Y-0 led to tagging of Y+1. That, however, failed to hold above Y-0 as support for any further upside. Closed the week below midpoint and Y-0.
Outlook Retest of B-1 is likely. No strong directional bias at this point.
Lawrence's Comment
Recap
Just like Dow, ES opened and flushed down to the void zone below 2050 first thing in the week. Down side target used up and the buying immediately lifted ...
Lawrence's Comment
Recap
As expected yen is too weak for any upside push. Closed the week at midpoint.
Outlook
No direction. Bias towards another test of low from August since upside is rejected ...
Nasdaq 100 Jun 27 to Jul 01 Outlook
Lawrence’s Comment
As expected, a rally above Y-0 led to tagging of Y+1. That, however, failed to hold above Y-0 as support for any further upside. Closed the week below midpoint and Y-0.
Outlook
Retest of B-1 is likely. No strong directional bias at this point.
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