Recap NQ struggled in the beginning of the week to stay above Y+1 yet failed to hold above it suggesting Y-0 was in play. By the end of the week, the selloff materialized with Y-0 tagged perfectly. Closed the week above Y-0 and below midpoint.
Outlook Potential short term top in place. As long as B-0 acting as resistance daily down trend in the making.
Lawrence's Comment
Recap
The wildest swings within a week in US stock market history. Closed the week above Y-1.
Outlook
The waterfall selloff is now completed and that the first leg of this ...
Nasdaq 100 Jun 29 to Jul 03 Outlook
Lawrence’s Comment
NQ struggled in the beginning of the week to stay above Y+1 yet failed to hold above it suggesting Y-0 was in play. By the end of the week, the selloff materialized with Y-0 tagged perfectly. Closed the week above Y-0 and below midpoint.
Outlook
Potential short term top in place. As long as B-0 acting as resistance daily down trend in the making.
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