Recap A steep selloff to start the week as expected. Rallied since after the open gap below was filled. Y+2 was tagged. Closed the week above Y+1 and midpoint.
Outlook NFP week points to potential updrift all week until NFP Friday. This puts B+2 round number 2000 in play. Rally on no volume is not a good sign though and the complete rally can be wiped out within days after NFP.
Lawrence's Comment
Recap
Momentum carried Aussie lower to Y-2 as expected. No spike low, just drift back up from Y-2 to week mid. Closed the week below Y-1 and near midpoint.
...
S&P 500 Feb 29 to Mar 04 Outlook
Lawrence’s Comment
A steep selloff to start the week as expected. Rallied since after the open gap below was filled. Y+2 was tagged. Closed the week above Y+1 and midpoint.
Outlook
NFP week points to potential updrift all week until NFP Friday. This puts B+2 round number 2000 in play. Rally on no volume is not a good sign though and the complete rally can be wiped out within days after NFP.
Share