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Lawrence's Comment Recap Aussie bounced with the rest of the majors due to dovish expectation / rumors all week. As expected, Y-0 was tested aftter Y-1 acted as support. Wild swings around ...READ MORELawrence's Comment Recap Y-0 support sent Dow back up to Y+1 for a test. We know it is strong resistance and Dow reacted to it and dropped straight down to Y-1. The ...READ MORELawrence's Comment 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 ...READ MORELawrence's Comment Recap Similar to Dow, ES moving lower as expected. Tagging both 1st target of Y-2 and 2nd target of Y-3 in one go was a present surprise. The bounce ...READ MORELawrence's Comment Recap Original accessment that Dow would consolidate between Y-0 and Y+1 was correct for the first part of the week. Then the b.s. gap up in mid-week failed to pop ...READ MOREAUDUSD Sep 14 to Sep 18 OutlookS&P 500 Aug 10 to Aug 14 OutlookDow 30 Jan 19 to Jan 23 OutlookHot n Cold (USDCAD) 2014-5-16USDCAD Apr 25 to Apr 29 Outlook3DP Odds Table (USDCAD) 2019-02-143DP Odds Table (USDCAD) 2018-01-05S&P 500 Apr 16 to Apr 20 OutlookDow 30 Jun 17 to Jun 21 OutlookGBPUSD Aug 29 to Sep 02 Outlook
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USDCAD Dec 19 to Dec 23 Outlook
Lawrence’s Comment
Y+1 failed to hold the pair down led to a quick run up to Y+2 before the pair stalled. Pulled back to midpoint and closed the week at Y+2.
Outlook
Breakout happened suddenly due to news shock from euro zone. Ran up a bit too fast without proper testing of Y+1 before it took off. If the pair failed to go higher than Y+3, a retest of Y+1 is in play.
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