Recap The resistance zone mentioned last week worked out as expected and a retest of Y-1 happened. However there was no breach of that important low and a bottom was developed with a 1-2-3 buy created from the G7 intervention. Closed the week at the high.
Outlook As long as B-0 acts as support, looking for B+2 to be tagged.
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Lawrence's Comment
Recap
Did not even push higher in the beginning of the week. Sold off slowly all the way back down to almost where the breakout started. Closed the week near ...
Lawrence's Comment
Recap
S&P followed Dow's lead broke out upside. Stopped going higher right below 100% absolute range expansion when Dow completed its run. Immediately collapsed back down to previous week close. ...
GBPUSD Mar 21 to Mar 25 Outlook
Lawrence’s Comment
The resistance zone mentioned last week worked out as expected and a retest of Y-1 happened. However there was no breach of that important low and a bottom was developed with a 1-2-3 buy created from the G7 intervention. Closed the week at the high.
Outlook
As long as B-0 acts as support, looking for B+2 to be tagged.
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