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Lawrence's Comment Recap Everything changed over the weekend in Europe. Cable found support at Y-1 and forced a test of Y-0. That in turn provided fuel for cable to clear Y-0 gunning ...READ MORELawrence's Comment Recap FBO scenario played out. Easy drop to target by the end of the week. Closed the week below Y-1 and near week low. Outlook Daily up trend ended with ...READ MORELawrence's Comment Recap Euro formed a 1-2-3 sell visible on 4 hour confirming the false breakout nature of the spike high. Y-1 breached easily. 100% absolute range expansion reached by the end ...READ MORE
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Dow 30 Mar 28 to Apr 01 Outlook
Lawrence’s Comment
Consolidation after the wide range run is normal. Pullback to near Y-0. Closed the week above Y-0 and near midpoint.
Outlook
No confirmation for a blowoff top as Y-0 was not breached. Retest of Y+1 / B+1 still likely as long as Y-0 holds. B-0 acting as resistance breaking below B-1 / Y-0 will give us a drop back down to FOMC announcement crime scene.
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