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Nasdaq 100 Jun 13 to Jun 17 Outlook
Lawrence’s Comment
Weakest of the 3 indices, resistance at Y+1 all week and collapsed down to near Y-3 as expected. Closed the week near Y-2 and week low.
Outlook
There is no real support below until B-2 and B-3. Upside resistance very strong from B-0 to 4500 round number. As forex markets waiting for Brexit, US stock market will be mainly driven by US dollar strength. Wild swings expected. Stay on the sideline is better than trying to dodge the news shocks.
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