Recap Consolidation around Y+1 at equal distance. 50% range bounded the week nicely. Closed the week near Y+1 and midpoint.
Outlook As long as B+1 acting as resistance we are looking for at least filling one open gap below. That points to below B-1 price level likely and Y-0 / B-2 target.
Lawrence's Comment
Recap
Last week's warning materialized. Dow collapsed as there is no buyers left at the current level. The buyers showed up below Y-2 could not offset the weekly STOPD resistance. ...
Lawrence's Comment
Recap
Aussie failed to hold the Y-0 double bottom neckline and flushed down to where it started the up run. The low volume up drift back up to previous week ...
Lawrence's Comment
Recap
Y-0 acted as support sending ninja straight up to Y+2. Rising wedge turned into full blown up channel. Closed the week above Y+1 and midpoint.
Outlook
A pocket at ...
Dow 30 Nov 02 to Nov 06 Outlook
Lawrence’s Comment
Consolidation around Y+1 at equal distance. 50% range bounded the week nicely. Closed the week near Y+1 and midpoint.
Outlook
As long as B+1 acting as resistance we are looking for at least filling one open gap below. That points to below B-1 price level likely and Y-0 / B-2 target.
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