Nasdaq 100 Jun 20 to Jun 24 Outlook

By News Robot

Lawrence’s Comment

Recap
Bearish expectations worked out. 100% range expansion capped the move. Closed the week below Y-2 and near week low.

Outlook
Stronger support on weekly basis is below B-2. Very strong support below B-3. Brexit can easily give us that and lead to a strong reaction back up to B+1 and above. Do not bet on the outcome of Brexit. We cannot tell how the markets will react to the outcome. Simply join the side that wins.

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