Recap Started the week below Y-1 and failed to push back above. Dropped down to near Y-3 and found support. Bounced back up. Closed the week below Y-1 and near week high.
Outlook Consolidation at 50% range below Y-1 is bearish. B+1 / Y-1 to B+2 is very strong resistance. As long as Euro cannot clear the zone, more downside is likely.
Lawrence's Comment
Recap
Hit resistance mentioned last week, fall back down to near Y-1 support. Consolidated around previous week close as expected. Closed the week below Y-0 and near midpoint.
Outlook
Consolidation ...
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Lawrence's Comment
Recap
Strongest among the 3 indices, NQ consolidated between Y-0 and Y-1. NQ also formed a rare down side triangle with potential up side breakout by the end of the ...
EURUSD Jun 01 to Jun 05 Outlook
Lawrence’s Comment
Started the week below Y-1 and failed to push back above. Dropped down to near Y-3 and found support. Bounced back up. Closed the week below Y-1 and near week high.
Outlook
Consolidation at 50% range below Y-1 is bearish. B+1 / Y-1 to B+2 is very strong resistance. As long as Euro cannot clear the zone, more downside is likely.
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