Trading Edges That Last
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As Featured In
Nasdaq 100 Jun 15 to Jun 19 Outlook
Lawrence’s Comment
Drop to Y-2 as expected. Y-2 / 4400 strong support points to Y-1 retest. Then the rumors about Greece surfaced and had driven NQ back up to Y-0. By Friday rollover, a pullback happened as Greece news dominated the day again. Closed the week near Y-1 and midpoint.
Outlook
Y-1 / B-0 support will send NQ straight back up to 4500. The more interesting thing is that if NQ cannot clear Y-0 / B+1 this week, we could be looking at a more serious correction in the making.
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