Recap Resistance zone pressured cable back down to Y-0 and below as expected. In turn stop run took it all the way back down to Y-1. Closed the week below Y-0 and midpoint.
Outlook Inside week with weak close points to more weaknesses. Y-0 / B-0 confirmed resistance until proven otherwise. Breaking below B-1 points to Y-3 break down potential.
Lawrence's Comment
Recap
Unlike NQ, ES ended last week without filling the gap above completely. ES was the weaker one. The rally was a controlled one because by the end of ...
Lawrence's Comment
Recap
No continuation selloff. Instead we got a consolidation week. ES moved around Y+1 with no directional push until end of the week after NFP report. Closed the week above ...
Lawrence's Comment
Recap
Resistance zone worked out and forced a drop to Y-1 as expected. Closed the week below Y-1 and at week low.
Outlook
More downside expected. daily down trend established.
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Lawrence's Comment
Recap
NQ did not follow Dow going all wild to the upside in the beginning of the week. It was the normal one last week. Failed to push ...
GBPUSD Mar 28 to Apr 01 Outlook
Lawrence’s Comment
Resistance zone pressured cable back down to Y-0 and below as expected. In turn stop run took it all the way back down to Y-1. Closed the week below Y-0 and midpoint.
Outlook
Inside week with weak close points to more weaknesses. Y-0 / B-0 confirmed resistance until proven otherwise. Breaking below B-1 points to Y-3 break down potential.
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