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
Y-1 test led to up drift for Y-0 all week. Closed the week near Y-0 and week high.
Outlook
Rising wedge breakdown points to test of B-1 / Y-1. ...
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.
Share