Recap 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.
Lawrence's Comment
Recap
Y-1 acted as support for a 1-2-3 buy early in the week sent Aussie up to Y+1. The bullish bias worked out. Oddly, Y+1 simply stopped the move and ...
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.
Share