Recap No surpirse at all – pulled back to Y-0. Found support and then push back up to test Y+1. Did not clear it and stalled. Closed the week near midpoint and above Y-0.
Outlook Inside week. Tight range week. Strong breakout setup in place. Odds favour the upside first even if it is a false breakout. Can push as high as B+3 right after breakout above Y+1.
Downside move will gather strength if and only if Y-0 is cleared and turning into resistance. That will send Euro back down to Y-1 / B-4 easily.
Lawrence's Comment
Recap
Simply stuck since open of the week. Late rally in end of week tried to push itself above the weekly close prior to the crisis week and failed.
Outlook
If ...
Lawrence's Comment
Recap
No pullback / no double top continuation from the week before last week. How? By gapping thru Y+1 and zoom up to Y+2.
Outlook
Clear short squeeze in progress with ...
Lawrence's Comment
Recap
Similar to Dow, ES simply dropped as expected. After clearing Y-3, ES found support and bounced. ES rallied all the way up until Friday. Closed the week below Y-1 ...
Lawrence's Comment
Recap
Went higher as expected. Then consolidated above Y+1. Closed the week at week high.
Outlook
More upside expected early next week.
Sudden reversal near Y+2 points to a drop ...
EURUSD Sep 30 to Oct 04 Outlook
Lawrence’s Comment
No surpirse at all – pulled back to Y-0. Found support and then push back up to test Y+1. Did not clear it and stalled. Closed the week near midpoint and above Y-0.
Outlook
Inside week. Tight range week. Strong breakout setup in place. Odds favour the upside first even if it is a false breakout. Can push as high as B+3 right after breakout above Y+1.
Downside move will gather strength if and only if Y-0 is cleared and turning into resistance. That will send Euro back down to Y-1 / B-4 easily.
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