Trading Edges That Last
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Nasdaq 100 Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Breakout play to the upside gave us Y+2 and above. 100% absolute range expansion capped the upside. Closed the week above Y+2 and near week high.
Outlook
No sign of weaknesses yet as 30-min timeframe uptrend is intact. A quick drop back down to below B-0 will induce more selling with target B-2 potential.
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