Recap As expected the push to the upside has failed and resulted in a test of Y-1. Yet Dow defended the Y-1 boundary and rallied back above Y-0. Closed the week above Y-0 and midpoint.
Outlook Outside week. Potential whiplash in play, the first boundary gets taken out will likely be FBO and the reversal will take the price to the other extreme.
Pay close attention to the direction of US dollar. It will be the leader in terms of change in direction.
Lawrence's Comment
Recap
Non-diretional swings caught both bulls and bears by surprise. NQ started the week almost tagging Y-2 and then gapped higher to clean out the stops. Yet by end of ...
Lawrence's Comment
Recap
The moment ninja weaken, we have BOJ at it again. 100% absolute range expansion stopped the run. Closed the week above Y+1 and midpoint.
Outlook
2nd week stair step rally driven ...
Dow 30 Jul 29 to Aug 02 Outlook
Lawrence’s Comment
As expected the push to the upside has failed and resulted in a test of Y-1. Yet Dow defended the Y-1 boundary and rallied back above Y-0. Closed the week above Y-0 and midpoint.
Outlook
Outside week. Potential whiplash in play, the first boundary gets taken out will likely be FBO and the reversal will take the price to the other extreme.
Pay close attention to the direction of US dollar. It will be the leader in terms of change in direction.
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