Recap Dow held up at top zone around Y+1. Event driven breakout gave us 100% expansion off the tight range. Closed the week above Y+1 and midpoint.
Outlook Test of year high in progress. Failing to clear it will lead to sell off back down to at least B-1 and likely B-2. This is first test of the year high, the selloff expected is not necessary something bearish on long term basis.
Lawrence's Comment
Recap
What I said last week,
"However, this is a pullback in terms of the daily uptrend just established last 2 weeks. Until we get more evidence that euro ...
Lawrence's Comment
Recap
News shock dropped ES down to Y-3 to start the week. Gap fill fight started at once. Wild 2 ways swings eventually allow ES to move above Y-1. Closed ...
Lawrence's Comment
Recap
As expected Aussie cannot even tag Y-0 and sold off back down to Y-1. Struggled around Y-1 in 2nd half of the week. Closed the week below Y-1 and ...
Dow 30 Aug 15 to Aug 19 Outlook
Lawrence’s Comment
Dow held up at top zone around Y+1. Event driven breakout gave us 100% expansion off the tight range. Closed the week above Y+1 and midpoint.
Outlook
Test of year high in progress. Failing to clear it will lead to sell off back down to at least B-1 and likely B-2. This is first test of the year high, the selloff expected is not necessary something bearish on long term basis.
Share