Recap Y-1 support sent NQ back up to take care of the gaps above. Stop run sent NQ above Y+1. Closed the week above Y-0 and midpoint.
Outlook Outside week with close below Y+1 is a strong attempt to break the weekly correction / consolidation without confirming the strength. A quick drop back down to B-0 / Y-0 is possible but not necessary. A breakout move above B+1 will send NQ up to 4600 / B+2.
Recap of Last Week Yellow zone acted as support and the pair went higher as expected. It did not quite reach the target area (green zone) because it stalled ...
Nasdaq 100 Jun 22 to Jun 26 Outlook
Lawrence’s Comment
Y-1 support sent NQ back up to take care of the gaps above. Stop run sent NQ above Y+1. Closed the week above Y-0 and midpoint.
Outlook
Outside week with close below Y+1 is a strong attempt to break the weekly correction / consolidation without confirming the strength. A quick drop back down to B-0 / Y-0 is possible but not necessary. A breakout move above B+1 will send NQ up to 4600 / B+2.
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