Recap Weakest of the 3 major indices. The dirty bottom mentioned last week was being retested by the end of the week. Closed the week below Y-3 and near week low.
Outlook Directional momentum moves cannot be stopped easily. More downside is expected. Until B-1 turning into support after flushed through, we do not have a strong case for counter-trend bounce play.
Content Review Euro Still Have Months of Congestion to Go S&P Pullback / Consolidation Mode Gold Waiting for Something to Happen Big Picture Summary Review Euro getting stuck ...
Lawrence's Comment
Recap
Similar to Dow, ES moving lower as expected. Tagging both 1st target of Y-2 and 2nd target of Y-3 in one go was a present surprise. The bounce ...
Lawrence's Comment
Recap
No strength to push above Y+1, lower prints happened. Pretty much as expected. The more interesting part is that gold has broken its daily down trend by the end ...
Dow 30 Jul 27 to Jul 31 Outlook
Lawrence’s Comment
Weakest of the 3 major indices. The dirty bottom mentioned last week was being retested by the end of the week. Closed the week below Y-3 and near week low.
Outlook
Directional momentum moves cannot be stopped easily. More downside is expected. Until B-1 turning into support after flushed through, we do not have a strong case for counter-trend bounce play.
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