Nasdaq 100 Jul 15 to Jul 19 Outlook

By News Robot

Lawrence’s Comment

Recap
The bullish bias pays off. My target at Y+3 was leaped through and NQ essentially did a melt up all the way til the end of the week. Closed the week above Y+5 and at week high.

Outlook
More upside is expected with very wild consolidation swings.

The last part of the week showed early signs of distribution but the volume of distribution was not enough to spark a powerful selloff.

We are entering the phase of distribution now and it can take several weeks to complete. We will be able to get a better picture once the first 40 pts pullback is in place.

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