Nasdaq 100 Jun 09 to Jun 13 Outlook

By News Robot

Lawrence’s Comment

Recap
Same as Dow, NQ held Y-0 giving us the Y+2 target. Y+2 was blown through later the week with Y+3 tagged. Closed the week at Y+3 and week high.

Outlook
As mentioned last week, we may not even get a pullback in this low volume environment. That was exactly what happened. Upside will be limited as NQ 3800 round number and Dow 17000 are in sight. Both can serve as temporary resistance until the over extended condition is resolved.

Consolidation week with reduced range likely.

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