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Nasdaq 100 Jul 06 to Jul 10 Outlook
Lawrence’s Comment
Breakdown play started the week. Dropped down to near Y-3 before support is found. Consolidation since in a shortened holiday week. Closed the week below Y-1 and above midpoint.
Outlook
Triangle / bear flag on 30-min potential. That gives us upside of gap fill above Y-1 but very strong resistance at B+2.
Breaking of B-0 points to B-2 next downside target.
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