Recap Consolidation with a twist – huge intraday volatility. Other than that, equal distance from Y-0 and open points to a normal week of consolidation after the wild week prior. Closed the week above Y-0 and midpoint.
Outlook Inside week with Y-0 and B-0 near each other. For a bear flag on daily the run from last week was too steep. For a reversal, it is too choppy and slow. We are looking at further consolidation this week until one side gives up.
Lawrence's Comment
Recap
Bearish scenario unfolded exactly as predicted. Downside target B-2 tagged and closed the week below Y-1.
Outlook
A retest of B-1 is likely. B-0 should act as resistance until B-1 ...
Lawrence's Comment
Recap
As expected this pair moved lower slowly towards 0.98. Found some support at Y-2. Closed the week at midpoint and above Y-2.
Outlook
Signs of support but too weak to ...
Dow 30 Jan 26 to Jan 30 Outlook
Lawrence’s Comment
Consolidation with a twist – huge intraday volatility. Other than that, equal distance from Y-0 and open points to a normal week of consolidation after the wild week prior. Closed the week above Y-0 and midpoint.
Outlook
Inside week with Y-0 and B-0 near each other. For a bear flag on daily the run from last week was too steep. For a reversal, it is too choppy and slow. We are looking at further consolidation this week until one side gives up.
Share