Recap Gap down to Y-1 right off the start of the week. Failed to fill the gap above on first try and flushed to below Y-1. Then everything reversed as euro led the way. Closed the week near week high and filled the gap above completely.
Outlook More upside is expected. Summer Games will reduce the liquidity and in a situation like this, it favours the bulls.
Lawrence's Comment
Recap
FBO against Y+1 gave us Y-0 and Y-1 targets early in the week. Directional selling until Y-1 was breached. Found support there and bounced. Closed the week below Y-0 ...
Lawrence's Comment
Recap
Ninja reversed its course as expected from higher timeframe support. Ran all the way back up to Y+1 before it stopped. Closed the week above Y+1 and midpoint.
Outlook
Outside week ...
Nasdaq 100 Jul 30 to Aug 03 Outlook
Lawrence’s Comment
Gap down to Y-1 right off the start of the week. Failed to fill the gap above on first try and flushed to below Y-1. Then everything reversed as euro led the way. Closed the week near week high and filled the gap above completely.
Outlook
More upside is expected. Summer Games will reduce the liquidity and in a situation like this, it favours the bulls.
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