Recap The bullish scenario did not materialize. Y-1 turned into resistance, and NQ simply fall straight down to first target of Y-2 and then collapse down to 100% absolute range expansion and paused there to close the week.
Outlook Y-3 should be tagged early next week. Any bounce from the zone points to B-0 in play.
Lawrence's Comments
Recap
After 3 weeks of consolidation, finally a breakout from tight range. 200% expansion target (Y+3) reached and stalled from there. Closed the week above week midpoint.
Outlook
The upmove ...
Nasdaq 100 Jun 13 to Jun 17 Outlook
Lawrence’s Comment
The bullish scenario did not materialize. Y-1 turned into resistance, and NQ simply fall straight down to first target of Y-2 and then collapse down to 100% absolute range expansion and paused there to close the week.
Outlook
Y-3 should be tagged early next week. Any bounce from the zone points to B-0 in play.
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