Lawrence's Comment
Recap
Took off right from the start of the week and consolidated above Y+1 pointing to a push towards Y+3. At 100% absolute range expansion, heavy selling kicked ...
Lawrence's Comment
Recap
Y+1 resistance sent Euro lower but it found support at Y-0. After 2nf try failed to clear Y-0, Euro was forced to test Y+1 after. Closed the week near ...
S&P 500 Jul 18 to Jul 22 Outlook
Lawrence’s Comment
S&P acted the weakest as noted last week. It dropped 100% absolute range expansion to the downside and tagged Y-3.
Outlook
Although S&P was weak, it is still holding above the midpoint of the rally from 2 weeks ago. That is a bullish sign.
If S&P can trade and close above B-0 this week, we get confirmation of the daily timeframe uptrend to resume.
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