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.
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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