Nasdaq 100 Jul 09 to Jul 13 Outlook

By News Robot

Lawrence’s Comment

Recap
Got 1st upside target and almost 2nd one (Y+2) before news shock took it back down quickly. Closed the week near Y+1 and below midpoint.

Outlook
If a 2nd down leg fails to take NQ below B-2, the daily uptrend is still intact and another violent rally can zoom this higher still.

This month is the time window where a potential major top is going to establish as projected in MBO several months ago. Upside potential is limited at this point on swing basis.

Better stick with daytrading until a trend is established on daily.

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