Recap Normal scenario unfolder. Y-0 acted as support with Y+1 not acting as resistance. Paved way to Y+2 and materialized later in the week. Closed the week above Y+2 and near week high.
Outlook Up channel in place making it hard to go much higher until some form of pullback happens. FBO against B+1 will send this back down to below B-0 easily.
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Lawrence's Comment
Recap
Bounced back upto the pre-breakdown level as expected. But that was all it could do and stalled back down to Y-0 and consolidated since. Closed the week above ...
Lawrence's Comment
Recap
As expected, bulls tried hard right from the beginning of the week gapped Dow higher yet failed to turn around the established down trend. Dow dropped to Y-1 and ...
Lawrence's Comment
Recap
The most timid index out of the 3 major indices. Opened the week near Y+1 and resistance there pressed ES lower. Ledge action led to upside breakout into Brexit. ...
USDCAD Dec 15 to Dec 19 Outlook
Lawrence’s Comment
Normal scenario unfolder. Y-0 acted as support with Y+1 not acting as resistance. Paved way to Y+2 and materialized later in the week. Closed the week above Y+2 and near week high.
Outlook
Up channel in place making it hard to go much higher until some form of pullback happens. FBO against B+1 will send this back down to below B-0 easily.
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