Recap Just like the other indices, NQ has pulled full one of its strongest rallies in recent years. But there was no wild swings at all. It like moved 200% absolute range expansion and stop there right at Y+4.
Outlook Consolidation with Y+5 and Y+3 if there are more upside momentum not used up on Friday. If it is already exhausted, we should see a steep pullback to B-0 / Y+2 area.
Overview
Emini overnight range 2096.00 up to 2103.75 (at 8:55 am)
Overnight Midpoint 2100.00
Previous Week Close 2096.75
Emini S&P is now trading at the top part of its range with ...
Lawrence's Comment
Recap
As expected, the weekly downtrend continues. Non-stop selling trapped bottom pickers and flushed to Y-2 downside target. Closed the week near week low.
Outlook
As long as Y-1 acts ...
Nasdaq 100 Jul 04 to Jul 08 Outlook
Lawrence’s Comment
Just like the other indices, NQ has pulled full one of its strongest rallies in recent years. But there was no wild swings at all. It like moved 200% absolute range expansion and stop there right at Y+4.
Outlook
Consolidation with Y+5 and Y+3 if there are more upside momentum not used up on Friday. If it is already exhausted, we should see a steep pullback to B-0 / Y+2 area.
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