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Lawrence's Comment
Recap
Sharp pullback in the beginning of the week fulfilled the minimal pullback expectation. Pre-Brexit weekly close support sent NQ straight up. 50% absolute range expansion reached. Closed the week ...
Lawrence's Comment
Recap
Similar to Dow, ES ripped thru resistance zone and went straight up for days. Classic blowoff top type action. Almost tagged Y+2 and stalled. Closed the week near week ...
Lawrence's Comment
Recap
Tight range consolidation around Y-1. Closed the week above Y-1 and midpoint.
Outlook
Retest B+1. If successfully taken out B+1, then B+2 to Y-0 is the target.
USDCAD Oct 26 to Oct 30 Outlook
Lawrence’s Comment
Y-0 turned into support by mid week. Y-0 sent this up to Y+1. Y+2 was eventually tagged. Closed the week above Y+1 and near week high.
Outlook
The weekly level support is now proven too strong for swing shorts. Retest of year high in the making.
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