Lawrence's Comment
Recap
Total breakdown since the start of the week. Tagged 2X previous week range and bounced on exhaustion. Closed the week at midpoint.
Outlook
Looking for short term bottom early ...
Lawrence's Comment
Recap
Euro attempted to go lower yet not able to break Y-1. Cleared Y-0 right after yet not able to push higher. Consolidation actions until NFP Friday that led to ...
Dow 30 Dec 01 to Dec 05 Outlook
Lawrence’s Comment
Consolidation around prior week close as expected. Even the rush to Y+1 could not clear it. Closed the week above Y-0 and below mipoint.
Outlook
Post Thanksgiving bias points to a test of B-1 likely. Breaking that there is no support until B-2 and below.
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