Lawrence's Comment
Recap
Multiple pushes to the downside failed to push the price lower. After a FBO against week low printed earlier in the week, a rally was resulted. Closed the week ...
Lawrence's Comment
Recap
As expected, cable moved back down to Y-1 first. Sadly, the bounce off Y-1 failed to push cable above the week high and led to one more flush back ...
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Lawrence's Comment
Recap
Break out upside happened but that gave us B+2 only as the news shock was immediately reversed several hours later by flip flop from the euro zone officials. ...
S&P 500 Jul 25 to Jul 29 Outlook
Lawrence’s Comment
ES pushed into Y+1 and Y+2 zone as expected. So far no sign of reversal though. Closed the week near Y+2 and above midpoint.
Outlook
Test of B+1 will tell us if this leg up is over. Downside target B-1 and below.
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