Lawrence's Comment
Recap
Reversal expectation played out. Euro rejected Y-1 and zoomed above Y+1 right after FOMC announcement. Strong reaction above Y+1. Closed the week above Y-0 and midpoint.
Outlook
Although euro ...
Lawrence's Comment
Recap
First half of the week showing signs of reduced range and consolidation behaviour. Then the spike up to challenge Y-0 failed, led to all out melt down. NQ could ...
Lawrence's Comment
Recap
Aussie consolidated in tight range. First drift up was met with sellers right above Y-0. stuck in tight range since. Closed the week below Y-0 and near midpoint.
Outlook
Inside week. ...
S&P 500 Aug 15 to Aug 19 Outlook
Lawrence’s Comment
Looks almost exactly like Dow. See Dow comments for recap.
Outlook
Bullish scenario – if Y-1 acts as support, we get B+2.
Bearish scenario – measured move target from week low reached at B+1, a selloff to below B-0 is more likely than the bullish case.
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