Recap No consolidation whatsoever as Abe and BOJ worked together with one announcement after another to make sure ninja going higher. Break out play tagged normal Y+3 target. Closed the week at Y+3 and near week high.
Outlook Ninja moving higher in a channel. Well structured channel do not last. FBO against B+1 will give us a pullback to B-0.
Lawrence's Comment
Recap
Strong gap down at the start of the week gave fuel to an all out rally back up first. Since then ES ran out of fuel and sold off ...
Lawrence's Comment
Recap
Euro broken out to the upside after news shock. Stayed in a tight range above Y+1 since. Closed the week above Y+1.
Outlook
Critical week.
If euro can stay ...
Lawrence's Comment
Recap
See comments on Dow on how a tricky bottom was formed. That produced a short term 3 pushes low pointing to gap fill above that is mostly completed ...
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USDJPY Sep 15 to Sep 19 Outlook
Lawrence’s Comment
No consolidation whatsoever as Abe and BOJ worked together with one announcement after another to make sure ninja going higher. Break out play tagged normal Y+3 target. Closed the week at Y+3 and near week high.
Outlook
Ninja moving higher in a channel. Well structured channel do not last. FBO against B+1 will give us a pullback to B-0.
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