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.
Nasdaq 100 Jun 20 to Jun 24 Outlook
Lawrence’s Comment
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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