Recap Snapped back up to Y-0 as predicted. Failed to hold above Y-0 and falled back down to Y-1. Effectively consolidated within Y-1 to Y-0 area. Closed above midpoint of the week.
Outlook Potential bottom in place on daily.
Not much resistance directly above until B+2 at 12200.
Lawrence's Comment
Recap
Colsolidation around Y-1 until FOMC announcement. Test of 1.31 round # failed and led to equal distance drop down to week low. Closed the week below Y-1 and midpoint.
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Lawrence's Comment
Recap
Similar to Cable, failing to clear previous week close led to a flush down to almost Y-3. Intervention happened and ninja went straight back up to Y-0. Closed the ...
Dow 30 Jun 20 to Jun 24 Outlook
Lawrence’s Comment
Snapped back up to Y-0 as predicted. Failed to hold above Y-0 and falled back down to Y-1. Effectively consolidated within Y-1 to Y-0 area. Closed above midpoint of the week.
Outlook
Potential bottom in place on daily.
Not much resistance directly above until B+2 at 12200.
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