Recap As expected ninja consolidation within Y-0 and Y+1 first. Once Y-0 was breached, we get a go for Y-1. Y-1 tagged and breached by a flush. Closed the week below Y-1 and midpoint.
Outlook 2nd leg on daily pullback in progress. As long as Y-0 to B-0 acting as resistance more downside is expected.
Lawrence's Comment
Recap
Unlike NQ, ES ended last week without filling the gap above completely. ES was the weaker one. The rally was a controlled one because by the end of ...
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Lawrence's Comment
Recap
Similar to NQ with stronger price action, ES did not breach previous week low (Y-1) and take off right from there. Spent 2 days defending previous week ...
Lawrence's Comment
Recap
More consolidation actions as expected. Y-0 support and by the end of the week previous week close support sent Aussie gunning for Y+2. Closed the week above Y+1 and ...
USDJPY Jan 27 to Jan 31 Outlook
Lawrence’s Comment
As expected ninja consolidation within Y-0 and Y+1 first. Once Y-0 was breached, we get a go for Y-1. Y-1 tagged and breached by a flush. Closed the week below Y-1 and midpoint.
Outlook
2nd leg on daily pullback in progress. As long as Y-0 to B-0 acting as resistance more downside is expected.
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