Recap Hope for continuation selloff in July is almost always squashed. Y+1 breached right at the start of the week. Consolidated around Y+1 since. Found support late in the week for a run to fill the gap above. Closed the week at week high and above Y+1.
Outlook Consolidation with strong close. Not necessary very bullish but still bullish. B-0 / Y+1 is now support until they are not.
Upside potential is strong going into the 2nd week of July as seasonal bias kicks in. B+2 is likely to be tagged first thing next week.
Lawrence's Comment
Recap
Rising wedge broken and gave us Y-1 as expected. Closed the week near Y-1 and week low.
Outlook
The monthly resistance is now confirmed. B-0 / Y+1 very strong ...
Overview
Emini overnight range 2088.50 up to 2098.00 (at 8:55 am)
Overnight Midpoint 2093.25
Previous Day Low 2093.00
Emini S&P is now trading at the top part of its range with ...
Nasdaq 100 Jul 08 to Jul 12 Outlook
Lawrence’s Comment
Hope for continuation selloff in July is almost always squashed. Y+1 breached right at the start of the week. Consolidated around Y+1 since. Found support late in the week for a run to fill the gap above. Closed the week at week high and above Y+1.
Outlook
Consolidation with strong close. Not necessary very bullish but still bullish. B-0 / Y+1 is now support until they are not.
Upside potential is strong going into the 2nd week of July as seasonal bias kicks in. B+2 is likely to be tagged first thing next week.
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