Recap Consolidation week with very thin volume. 50% previous week range bounded the activities. Closed the week above Y+1 and midpoint.
Outlook Tight range week points to breakout mode in play. B+3 and B-3 are the targets. B-3 aligned with the open gap below is a strong magnet. See comments on Dow regarding the market breadth readings.
ContentReviewEuro Wanted to Breakout Upside But Is It AllowedS&P Limited Range as Prescribed by US Federal ReserveGold Bullish Scenario UnfoldedBig Picture SummaryReviewEuro found resistance at the down channel top and ...
Lawrence's Comment
Recap
Took off from long term support area and tagged my target of B+2. Closed the week at the week high. Perfect STOPD play.
Outlook
Short term (daily and ...
Late midday update: Down channel continue to dominate the tape and now threaten to push for a drop to below 2080 as I warned back on Jun 1. Channel ...
Nasdaq 100 May 25 to May 29 Outlook
Lawrence’s Comment
Consolidation week with very thin volume. 50% previous week range bounded the activities. Closed the week above Y+1 and midpoint.
Outlook
Tight range week points to breakout mode in play. B+3 and B-3 are the targets. B-3 aligned with the open gap below is a strong magnet. See comments on Dow regarding the market breadth readings.
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