Recap Y-0 resistance sent NQ down to near Y-2 target mentioned last week. Worked out well but then rumors and news shock dominated the rest of the week. Closed the week near Y-0 and above midpoint.
Outlook See comments on Dow.
Step step sell off on daily in the making. As long as Y+1 / B+1 zone acting as resistance, the next take down will drop NQ down to B-3.
Lawrence's Comment
Recap
More downside as expected. Intervention by ECB resulted in a squeeze that closed the week at midpoint.
Outlook
Money is leaving EU and no long term investors want to ...
Lawrence's Comment
Recap
Rallied back to gap resistance above. Without fully filling the gap, news shcok sending Dow lower by 450 points before it could find a bottom. As drastic as ...
Lawrence's Comment
Recap
Dow gapped higher on news related to Brexit. News driven market all the way right up to Brexit. Brexit led to gap down on Friday to Y-1 and sparked ...
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Nasdaq 100 Jul 13 to Jul 17 Outlook
Lawrence’s Comment
Y-0 resistance sent NQ down to near Y-2 target mentioned last week. Worked out well but then rumors and news shock dominated the rest of the week. Closed the week near Y-0 and above midpoint.
Outlook
See comments on Dow.
Step step sell off on daily in the making. As long as Y+1 / B+1 zone acting as resistance, the next take down will drop NQ down to B-3.
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