Recap Consolidation into NFP Friday as expected. Sudden weakening of USD against other majors on Friday gave the stock market strength to hold up. Closed the week above Y-0 and midpoint.
Outlook Tight range week with both boundaries tested multiple times means breakout play in the making. First strong directional move outside of the current range will be the direction to play for coming few months.
Lawrence's Comment
Recap
Consolidation as expected. Developed the top 1/2 first then dropped down to near Y-1 for a test. Closed the week below Y-0 and midpoint.
Outlook
Y-1 / B-1 support ...
Lawrence's Comment
Recap
Y-0 acted as resistance at the start of the week, gave us the decisive break of Y-1 and dropped down to target Y-3. This is the easiest play for ...
Lawrence's Comment
Recap
Aussie found support at Y-1 and bounced towards Y-0. Y-0 very strong resistance as explained last week which forced Aussie to retest Y-1. Y-1 spike reversal against Y-1 and ...
Dow 30 Jun 06 to Jun 10 Outlook
Lawrence’s Comment
Consolidation into NFP Friday as expected. Sudden weakening of USD against other majors on Friday gave the stock market strength to hold up. Closed the week above Y-0 and midpoint.
Outlook
Tight range week with both boundaries tested multiple times means breakout play in the making. First strong directional move outside of the current range will be the direction to play for coming few months.
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