Recap Attempted downside first but failed to stay below Y-0. Drifted up slowly yet failed to push above 121 and collapsed back down. Closed the week below Y-0 and near midpoint.
Outlook 2nd inside week in place with even stronger breakout play. Wait and see until ninja can move out of the current congestion zone.
Lawrence's Comment
Recap
Dow zoomed up on no volume initially and exploded to Y+2 with a sharp reversal. Signature blowoff top in place pointing to a drop back down to Y-0. With ...
Lawrence's Comment
Recap
Dow pushed higher as expected. NFP week pattern played out nicely. Closed the week above Y+1 and near week high.
Outlook
NFP week is over so a surprise take ...
Lawrence's Comment
Recap
New low on Monday confirmed the bearish scenario of 8 waves down to come. The 3 sell waves down completed by Friday.
Outlook
Again, if we get a bottom formation ...
USDJPY Sep 21 to Sep 25 Outlook
Lawrence’s Comment
Attempted downside first but failed to stay below Y-0. Drifted up slowly yet failed to push above 121 and collapsed back down. Closed the week below Y-0 and near midpoint.
Outlook
2nd inside week in place with even stronger breakout play. Wait and see until ninja can move out of the current congestion zone.
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