Recap Tight range consolidation all week even though US dollar has strengthen across the board last week. Good example of low participation translate into meaningless price movements on higher timeframes. Closed the week above Y+1 and near midpoint.
Lawrence's Comment
Recap
No extra intervention, so euro has to return to where the breakout started around Y-1. Closed the week at midpoint.
Outlook
No strong directional bias building up.
Slight edge for ...
S&P 500 May 25 to May 29 Outlook
Lawrence’s Comment
Tight range consolidation all week even though US dollar has strengthen across the board last week. Good example of low participation translate into meaningless price movements on higher timeframes. Closed the week above Y+1 and near midpoint.
Outlook
See Dow comments for overall expectations. Premium members please read the newsletter special update.
Share