Recap Consolidation around Y+1 as expected. No strong reactions after NFP leading to a quiet close. Closed the week near Y+1 and midpoint.
Outlook Consolidation / ledge actions after significant rally / short squeeze means more upside likely, even though it can be a short lived one. Breaking below B-1 points to quick drop back down to Y-0 / B-3.
Lawrence's Comment
Recap
Ninja chose to go lower at the beginning of the week and it dropped straight down to prior support and bounced. Breaking about the resistance down trend line on ...
Nasdaq 100 Jun 06 to Jun 10 Outlook
Lawrence’s Comment
Consolidation around Y+1 as expected. No strong reactions after NFP leading to a quiet close. Closed the week near Y+1 and midpoint.
Outlook
Consolidation / ledge actions after significant rally / short squeeze means more upside likely, even though it can be a short lived one. Breaking below B-1 points to quick drop back down to Y-0 / B-3.
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