Recap Just like the other indices, NQ has pulled full one of its strongest rallies in recent years. But there was no wild swings at all. It like moved 200% absolute range expansion and stop there right at Y+4.
Outlook Consolidation with Y+5 and Y+3 if there are more upside momentum not used up on Friday. If it is already exhausted, we should see a steep pullback to B-0 / Y+2 area.
Lawrence's Comment
Recap
Violent reaction to eurozone problems sending US dollar higher against all majors. Tagged Y+2 and closed the week above Y+1.
Outlook
Unlike other majors, dollar yen is not breaking out ...
Nasdaq 100 Jul 04 to Jul 08 Outlook
Lawrence’s Comment
Just like the other indices, NQ has pulled full one of its strongest rallies in recent years. But there was no wild swings at all. It like moved 200% absolute range expansion and stop there right at Y+4.
Outlook
Consolidation with Y+5 and Y+3 if there are more upside momentum not used up on Friday. If it is already exhausted, we should see a steep pullback to B-0 / Y+2 area.
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