Recap B+1 resistance together with low volume gave us consolidation actions all week. Closed the week near Y+1 and above midpoint.
Outlook Sideway actions with a weak upside triangle formation points to potential upside breakout for Y+2. Such actions can be the making of a blow off top.
Lawrence's Comment
Recap
As expected yen is stuck within the same range again once the euro zone crisis was showing some signs of stability in sight. Closed the week around midpoint ...
Nasdaq 100 Aug 15 to Aug 19 Outlook
Lawrence’s Comment
B+1 resistance together with low volume gave us consolidation actions all week. Closed the week near Y+1 and above midpoint.
Outlook
Sideway actions with a weak upside triangle formation points to potential upside breakout for Y+2. Such actions can be the making of a blow off top.
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