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Lawrence's Comment
Recap
100% range expansion downside out of the daily consolidation area. Then went all the way back up to challenge Y-1 and failed. Finally closed the week at 2350 ...
Lawrence's Comment
Recap
Y+1 did nothing at all in stopping Dow from going higher. The next higher resistance at around 13050 was blasted thru after shorts was trapped by the bearish ...
Lawrence's Comment
Recap
Consolidated below Y+1. Sellers failed to push cable lower. Breakout to the upside at the end. Closed the week above Y+1 and near week high.
Outlook
Upside breakout confirmed. As long ...
Recap
Rallied a bit stronger than expected in beginning of the week. Still sold off to target B-1 area. Closed the week below previous week close.
Outlook
Weaknesses in internals is very ...
GBPUSD Nov 24 to Nov 28 Outlook
Lawrence’s Comment
Y-1 test confirmed support. Bounced back up but failed to clear Monday high. Closed the week below Y-0 and midpoint.
Outlook
Tight range consolidation. Ledge is formed. Continuation of trend entering ledge is likely which is down. That puts Y-2 in play.
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