Recap Broken below Y-0 early in the week, points to a push towards Y-1. We got the drop later in the week but Y-1 was not tagged as news shock sent ninja back to Y-0 area at once. Stuck at Y-0 afterwards. Closed the week near Y-0 and midpoint.
Outlook Midpoint at the same area 2 weeks in a row. Inside week. Breakout mode in play. We all know BOJ will intervene if ninja drop back down. That puts B-1 and below into high risk zone for shorts.
Looking for convincing action to jump on the long side.
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Lawrence's Comment
Recap
Similar to Dow, ES pushed the envelope all the way. It exceeded Dow in terms of volatility during the holiday season. Closed the week near week high ...
Lawrence's Comment
Recap
The weakest out of the 3 major indices, still rallied all its way until 200% absolute range expansion was completed. Closed the week at Y+2.
Outlook
The failure to take ...
Lawrence's Comment
Recap
Just like Dow, consolidation within the top half of the expected range. End of week pullback completed the gap fill below and bounced from there. Closed the week ...
USDJPY Oct 15 to Oct 19 Outlook
Lawrence’s Comment
Broken below Y-0 early in the week, points to a push towards Y-1. We got the drop later in the week but Y-1 was not tagged as news shock sent ninja back to Y-0 area at once. Stuck at Y-0 afterwards. Closed the week near Y-0 and midpoint.
Outlook
Midpoint at the same area 2 weeks in a row. Inside week. Breakout mode in play. We all know BOJ will intervene if ninja drop back down. That puts B-1 and below into high risk zone for shorts.
Looking for convincing action to jump on the long side.
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