Recap 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.
Lawrence's Comment
Recap
Gapped down to Y-1, fulfilled the projection of tagging either extreme of last week. Once the open range (range of Monday) was establsihed for the week, however, NQ ...
Lawrence's Comment
Recap
Similar to Dow, ES moving lower as expected. Tagging both 1st target of Y-2 and 2nd target of Y-3 in one go was a present surprise. The bounce ...
Lawrence's Comment
Recap
As expected yen is stuck within the same range again once the euro zone crisis was showing some signs of stability in sight. Closed the week around midpoint ...
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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