Recap Y-1 support sent NQ back up to take care of the gaps above. Stop run sent NQ above Y+1. Closed the week above Y-0 and midpoint.
Outlook Outside week with close below Y+1 is a strong attempt to break the weekly correction / consolidation without confirming the strength. A quick drop back down to B-0 / Y-0 is possible but not necessary. A breakout move above B+1 will send NQ up to 4600 / B+2.
Lawrence's Comment
Recap
Y-1 tagged early in the week as expected. The sharp reversal scenario happened to Cable instead of Euro. Nonetheless, Euro closed at the high of the week tagging ...
Lawrence's Comment
Recap
No strength to push above Y+1, lower prints happened. Pretty much as expected. The more interesting part is that gold has broken its daily down trend by the end ...
Nasdaq 100 Jun 22 to Jun 26 Outlook
Lawrence’s Comment
Y-1 support sent NQ back up to take care of the gaps above. Stop run sent NQ above Y+1. Closed the week above Y-0 and midpoint.
Outlook
Outside week with close below Y+1 is a strong attempt to break the weekly correction / consolidation without confirming the strength. A quick drop back down to B-0 / Y-0 is possible but not necessary. A breakout move above B+1 will send NQ up to 4600 / B+2.
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