Recap Bear flag breakdown gave us Y-1 and below as expected. Y-2 tagged and consolidation between Y-1 and Y-2 since. Closed the week below Y-1 and midpoint.
Outlook B-1 retest likely. Double bottom against B-1 points to at least a test of Y-0. Closing above B-0 will signal short term bottom in place.
Lawrence's Comment
Recap
ES dropped in sync with Dow and NQ.
Outlook
See comments on Dow. Somehow in crisis / panic mode, the Dow chart is providing the cleanest swings out of ...
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Lawrence's Comment
Recap
Similar to Dow, ES was having its consolidation week. Traded equal distance from its open. Closed the week above Y+1 and near week high.
Outlook
B+1 resistance points to ...
USDCAD Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Bear flag breakdown gave us Y-1 and below as expected. Y-2 tagged and consolidation between Y-1 and Y-2 since. Closed the week below Y-1 and midpoint.
Outlook
B-1 retest likely. Double bottom against B-1 points to at least a test of Y-0. Closing above B-0 will signal short term bottom in place.
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