Lawrence's Comment
Recap
Bearish expectation played out nicely. NQ simply failed to clear previous week close and dropped from there back down to Y-0. Once Y-0 is cleared, it turned into all ...
Lawrence's Comment
Recap
Just like Dow, consolidation was expected and we got exactly that until Friday. On Friday, NQ gapped thru Y-0 and trapped longs turning into roadkills. Closed the ...
Lawrence's Comment
Recap
FBO Y+1 is ledge breakout failure. That gave us Y+1 and a slide back down to where the last up leg started. Closed the week below Y-1 and midpoint.
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Lawrence's Comment
Recap
Pullback to support zone mentioned last week. That held up well and sent ES striaght up to Y+1. FOMC announcement induced volatility and ended up resolving to the upside. ...
EURUSD Oct 29 to Nov 02 Outlook
Lawrence’s Comment
Y-0 did not hold, drifted back down to Y-1. Closed the week above Y-1 and below midpoint.
Outlook
Not a significant sell off. Just drifted lower. No real sense of direction yet.
A push above B-0 will send euro back up to Y+1.
I am more interested in a bounce to Y-0 that fails to go higher. It will be a great short setup with control risk and significant downside potential.
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