Lawrence's Comment
Recap
Euro could not hold up and retested Y-1. Then well timed news shock were released to punish the sellers. FBO against Y-1 that cleared Y-0 in 1 go gave ...
Lawrence's Comment
Recap
No test of either extreme in the beginning of the week, so the consolidation play of drifting around Y-0 kicked in. Then Fed chair Mrs Yellen changed the game. ...
S&P 500 Jul 25 to Jul 29 Outlook
Lawrence’s Comment
ES pushed into Y+1 and Y+2 zone as expected. So far no sign of reversal though. Closed the week near Y+2 and above midpoint.
Outlook
Test of B+1 will tell us if this leg up is over. Downside target B-1 and below.
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