Recap Test of Y-1 as expected. It holds so we get a run back up. Y+1 tagged by end of the week. Closed the week near Y+1 and week high.
Outlook Outside reversal week is bullish. Y+2 in play early next week as long as Y+1 acting as support. Pull back to B-0 is possible but not necessary.
Lawrence's Comment
Recap
Did not get a flush on MOnday so the bounce was also weak. News shock from various fronts sent Dow lower and eventually breaking the psychological support at 16000 ...
Recap of last week Hit sell target zone (red zone) then started a choppy run towards the resistance area (yellow zone). Boring but easy trading - always a good ...
Lawrence's Comment
Recap
A mysterious week indeed. Despite all factors going against the market, Dow and ES matched straight up clearing their resistances and landed ES at 1500 area. Closed the week ...
USDJPY May 04 to May 08 Outlook
Lawrence’s Comment
Test of Y-1 as expected. It holds so we get a run back up. Y+1 tagged by end of the week. Closed the week near Y+1 and week high.
Outlook
Outside reversal week is bullish. Y+2 in play early next week as long as Y+1 acting as support. Pull back to B-0 is possible but not necessary.
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