Recap Dow consolidated around Y-0 until FOMC announcement. After announcement Dow rushed to 100% absolute range expansion target and stalled from there. Closed the week above Y-0 and near midpoint.
Outlook As long as Y-0 / B-0 zone holds, retest of B+1 and open gap fill above likely.
Lawrence's Comment
Recap
Aussie was the easy play last week. As Y-0 was breached, the down channel was broken giving us upside target of Y+1 and above. Aussie zoomed back up to ...
Dow 30 Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Dow consolidated around Y-0 until FOMC announcement. After announcement Dow rushed to 100% absolute range expansion target and stalled from there. Closed the week above Y-0 and near midpoint.
Outlook
As long as Y-0 / B-0 zone holds, retest of B+1 and open gap fill above likely.
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