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
Euro found support as expected and bounced back up to Y-0 target. From there it just consolidated in tight range. Closed the week below Y-0 and near midpoint.
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Lawrence's Comment
Recap
Cable found support at Y-0 for a test of Y+1. Y+1 resistance on first try and sent cable back down to Y-0. Second attempt at Y+1 led to FBO ...
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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