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.
Lawrence's Comment
Recap
Consolidation with a twist - huge intraday volatility. Other than that, equal distance from Y-0 and open points to a normal week of consolidation after the wild week prior. ...
Lawrence's Comment
Recap
Overnight ES dropped below 2000 and the buying started right on schedule. The straight up reversal surprised many traders and created a short squeeze later in the week forcing ...
Lawrence's Comment
Recap
There is a data problem with the chart. The high made in the beginning of the week was just a little above Y+1. It was a FBO against Y+1 ...
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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