Recap Deep pullback to Y-0 as expected. Closed the week near Y-0 and week low.
Outlook Potential significant top in place as NQ new high was not comfirmed by Dow or ES. Can lead to quick drop back down to Y-1 if NQ cannot close above B-0 by end of this week.
Lawrence's Comment
Recap
All week updrift from near Y-0 fitted the NFP play perfectly. Y+2 target tagged without any real resistance. Clsoed the week near Y+2 and above midpoint.
Outlook
Parabolic run ...
Nasdaq 100 Jul 27 to Jul 31 Outlook
Lawrence’s Comment
Deep pullback to Y-0 as expected. Closed the week near Y-0 and week low.
Outlook
Potential significant top in place as NQ new high was not comfirmed by Dow or ES. Can lead to quick drop back down to Y-1 if NQ cannot close above B-0 by end of this week.
Share