Recap More downside as expected. Y-2 support sent NQ straight back upto Y-0. Y-0 breakout gave us a squeeze to fill the gap above. Closed the week above Y-0 and near week high.
Outlook Y+1 / open gap above upside target also important resistance on first touch basis. A sudden sharp drop is expected.
Lawrence's Comment
Recap
Pullback below Y-0 early in the week confirmed potential weaknesses. After test of Y+1 and failing to breakout above that, selloff started and dropped down to Y-1 in ...
Nasdaq 100 Jul 04 to Jul 08 Outlook
Lawrence’s Comment
More downside as expected. Y-2 support sent NQ straight back upto Y-0. Y-0 breakout gave us a squeeze to fill the gap above. Closed the week above Y-0 and near week high.
Outlook
Y+1 / open gap above upside target also important resistance on first touch basis. A sudden sharp drop is expected.
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