Recap Dow gapped higher on news related to Brexit. News driven market all the way right up to Brexit. Brexit led to gap down on Friday to Y-1 and sparked a quick rally back up to midpoint / Y-0. Y-0 resistance gave us 100% expansion off the upside range established. Closed the week below Y-1 and near week low.
Outlook Outside down week is bearish. More downside is expected. Once key support zone on monthly is tagged we can expect very sharp reversal.
Lawrence's Comment
Recap
Euro rallied from our support zone as expected. It also failed to go much higher as expected too. Closed the week above Y+1.
Outlook
Last week Euro completed its measured ...
Lawrence's Comment
Recap
Support zone mentioned last week worked out well. Upside targets tagged. 100% range expansion led to a mild stop run. Closed the week above Y-0 and below midpoint.
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Dow 30 Jun 27 to Jul 01 Outlook
Lawrence’s Comment
Dow gapped higher on news related to Brexit. News driven market all the way right up to Brexit. Brexit led to gap down on Friday to Y-1 and sparked a quick rally back up to midpoint / Y-0. Y-0 resistance gave us 100% expansion off the upside range established. Closed the week below Y-1 and near week low.
Outlook
Outside down week is bearish. More downside is expected. Once key support zone on monthly is tagged we can expect very sharp reversal.
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