Recap Hope for continuation selloff in July is almost always squashed. Y+1 breached right at the start of the week. Consolidated around Y+1 since. Found support late in the week for a run to fill the gap above. Closed the week at week high and above Y+1.
Outlook Consolidation with strong close. Not necessary very bullish but still bullish. B-0 / Y+1 is now support until they are not.
Upside potential is strong going into the 2nd week of July as seasonal bias kicks in. B+2 is likely to be tagged first thing next week.
Lawrence's Comment
Recap
1.30 downside target was tagged finally. And immediately BIS, ECB, etc. are seen active buying euro to stop the drop again. Closed the week near Y-0 and ...
Nasdaq 100 Jul 08 to Jul 12 Outlook
Lawrence’s Comment
Hope for continuation selloff in July is almost always squashed. Y+1 breached right at the start of the week. Consolidated around Y+1 since. Found support late in the week for a run to fill the gap above. Closed the week at week high and above Y+1.
Outlook
Consolidation with strong close. Not necessary very bullish but still bullish. B-0 / Y+1 is now support until they are not.
Upside potential is strong going into the 2nd week of July as seasonal bias kicks in. B+2 is likely to be tagged first thing next week.
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