Recap Original expectation of a push back to at least Y-0 and then Y+1 was correct. Aussie failed to push thru Y+1 and sold off since. Closed the week below Y-1 and midpoint.
Outlook Double top in place. As long as Y-1 acts as resistance we have a projected target of Y-3.
If Y-1 cannot hold this down, but B-0 does, it will turn into a normal pullback.
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Lawrence's Comment
Recap
Unlike the other 2 indices, NQ has been the weakest all week. Closed the week at midpoint.
Outlook
As long as Y-0 holds, NQ can go higher.
If Y-0 ...
Lawrence's Comment
Recap
More weaknesses as expected with Y-0 resistance worked out perfectly. Flushed down to below Y-2 target. Closed the week below Y-2 and midpoint.
Outlook
Cable is simply playing catch ...
Lawrence's Comment
Recap
FBO against Y+1 gave us a drop back down to Y-0 and then lower. 100% range expansion stopped the down move. Closed the week near Y-0 and midpoint.
...
AUDUSD Apr 08 to Apr 12 Outlook
Lawrence’s Comment
Original expectation of a push back to at least Y-0 and then Y+1 was correct. Aussie failed to push thru Y+1 and sold off since. Closed the week below Y-1 and midpoint.
Outlook
Double top in place. As long as Y-1 acts as resistance we have a projected target of Y-3.
If Y-1 cannot hold this down, but B-0 does, it will turn into a normal pullback.
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