Recap Gap and go points to at least tagging Y+2 and we got that first thing in the week. Y+2 turned into support sending ES up to Y+3. Closed the week near Y+3 and week high.
Outlook Consolidation actions expected around B+1 at 50% range. Summer actions means more likely the market will quiet down a bit.
Lawrence's Comment
Recap
Directional break down from Y-0 resistance. Tagged Y-2 and bounced. Took 2 more tries below Y-2 before a strong bounce could materialize. Closed the week near Y-2 and below ...
Lawrence's Comment
Recap
Got the breakout we asked for. Aussie dropped below Y-1 and tagged Y-3 quickly. But there was no test of Y-1 as resistance at all. The pair simply ...
S&P 500 Jul 20 to Jul 24 Outlook
Lawrence’s Comment
Gap and go points to at least tagging Y+2 and we got that first thing in the week. Y+2 turned into support sending ES up to Y+3. Closed the week near Y+3 and week high.
Outlook
Consolidation actions expected around B+1 at 50% range. Summer actions means more likely the market will quiet down a bit.
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