Recap Breakout play to the upside gave us Y+2 and above. 100% absolute range expansion capped the upside. Closed the week above Y+2 and near week high.
Outlook No sign of weaknesses yet as 30-min timeframe uptrend is intact. A quick drop back down to below B-0 will induce more selling with target B-2 potential.
Overview
Emini overnight range 2152.75 to 2166.50 (at 9:00 am)
Overnight Midpoint 2159.50
Previous Week High 2156.00
Battleplan for the Day
(premium member only content below)
Nasdaq 100 Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Breakout play to the upside gave us Y+2 and above. 100% absolute range expansion capped the upside. Closed the week above Y+2 and near week high.
Outlook
No sign of weaknesses yet as 30-min timeframe uptrend is intact. A quick drop back down to below B-0 will induce more selling with target B-2 potential.
Share