Recap Y-0 held and Y+1 cleared gave us upside breakout. Yet Dow failed to hold Y+1 and dropped back down to week low. Surprise announcements from ECB and then China gave us the shock target of doubling the range / Y+3. Closed the week above Y+2 and midpoint.
Outlook Unusual measures from the central banks around the world has turned the global stock markets into a pinball machine. Their on-the-fly decision making with no consideration of consequence is an eye opener. If there is no more b.s. this week, we are likely to see a consolidation week going into US Thanksgiving.
Lawrence's Comment
Recap
The bounce to Y-0 scenario unfolded exactly as described last week. The wait and see part at Y-0 turns into the bearish setup of trading below Y-1, pointing ...
Overview
Emini overnight range 2144.25 to 2159.50 (at 9:00 am)
Overnight Midpoint 2152.00
Previous Week Mid 2150.25
Battleplan for the Day
(premium member only content below)
Lawrence's Comment
Recap
Lower timeframe bearishness took Ninja down from FBO at Y-0 down to 100% absolute range expansion. Closed the week below Y-1 and midpoint.
Outlook
Now lower and higher timeframes are aligned. ...
Dow 30 Nov 24 to Nov 28 Outlook
Lawrence’s Comment
Y-0 held and Y+1 cleared gave us upside breakout. Yet Dow failed to hold Y+1 and dropped back down to week low. Surprise announcements from ECB and then China gave us the shock target of doubling the range / Y+3. Closed the week above Y+2 and midpoint.
Outlook
Unusual measures from the central banks around the world has turned the global stock markets into a pinball machine. Their on-the-fly decision making with no consideration of consequence is an eye opener. If there is no more b.s. this week, we are likely to see a consolidation week going into US Thanksgiving.
Share