Recap Y-1 acted as support. Bounced back up to Y-0 and found resistance. Dropped to equal distance below previous week close. Closed the week near Y-1 and below midpoint.
Outlook Consolidation week with close near Y-1 and midpoint is normal after a strong trending week. Continuation to the down side is possible if B-0 acts as resistance. A 3rd push down to 1.28 / Y-2 zone may lead to stronger reaction to the upside.
Lawrence's Comment
Recap
As mentioned last time, NQ was the weakest of the 3 major indices and that ES and Dow may drag it all the way up. That's exactly what happened ...
Lawrence's Comment
Recap
Got downside breakout which was the side with better odds. Tagged Y-2 target and consolidated since. Closed the week above Y-2 and below midpoint.
Outlook
Notice the way it drops is ...
Lawrence's Comment
Recap
Consolidation play around Y-1 then wild swings due to news shocks later in the week. Closed the week below Y-0 and near week high.
Outlook
Cable anchored itself to ...
USDCAD Oct 19 to Oct 23 Outlook
Lawrence’s Comment
Y-1 acted as support. Bounced back up to Y-0 and found resistance. Dropped to equal distance below previous week close. Closed the week near Y-1 and below midpoint.
Outlook
Consolidation week with close near Y-1 and midpoint is normal after a strong trending week. Continuation to the down side is possible if B-0 acts as resistance. A 3rd push down to 1.28 / Y-2 zone may lead to stronger reaction to the upside.
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