Recap Consolidation into NFP Friday as expected. Sudden weakening of USD against other majors on Friday gave the stock market strength to hold up. Closed the week above Y-0 and midpoint.
Outlook Tight range week with both boundaries tested multiple times means breakout play in the making. First strong directional move outside of the current range will be the direction to play for coming few months.
Lawrence's Comment
Recap
FBO from the start of the week against Y+1 gave us a flush back down to below Y-0. At 100% absolute range expansion NQ found support and zoomed back ...
Dow 30 Jun 06 to Jun 10 Outlook
Lawrence’s Comment
Consolidation into NFP Friday as expected. Sudden weakening of USD against other majors on Friday gave the stock market strength to hold up. Closed the week above Y-0 and midpoint.
Outlook
Tight range week with both boundaries tested multiple times means breakout play in the making. First strong directional move outside of the current range will be the direction to play for coming few months.
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