Recap Gap down to Y-1 right off the start of the week. Failed to fill the gap above on first try and flushed to below Y-1. Then everything reversed as euro led the way. Closed the week near week high and filled the gap above completely.
Outlook More upside is expected. Summer Games will reduce the liquidity and in a situation like this, it favours the bulls.
Lawrence's Comment
Recap
Y+1 did not act as resistance at all making the bearish scenario impossible. Continuation points to Y+2. Once it was tagged price no longer stable. Sharp pullback to Y+1 ...
Lawrence's Comment
Recap
Further pullback to Y-2 and bounced. Y-0 acted as resistance again. When Y-1 also turned into resistance we gone breakdown move to Y-4. Closed the week near Y-4 and ...
Nasdaq 100 Jul 30 to Aug 03 Outlook
Lawrence’s Comment
Gap down to Y-1 right off the start of the week. Failed to fill the gap above on first try and flushed to below Y-1. Then everything reversed as euro led the way. Closed the week near week high and filled the gap above completely.
Outlook
More upside is expected. Summer Games will reduce the liquidity and in a situation like this, it favours the bulls.
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