Recap As explained last week, Dow was locked in range and it happened again. Y+1 resistance sent Dow straight back down to Y-0 and stuck there. Closed the week near Y-0 and below midpoint.
Outlook Y-0 / B-0 now strong resistance until proven otherwise. A break of B-1 will lead to quick flush down to B-2 and below to continue the range expansion to the down side.
Lawrence's Comment
Recap
Aussie followed its peers broken the daily down trend against USD. Closed the week above Y+1 and midpoint.
Outlook
To start a new up trend on daily against US ...
Lawrence's Comment
Recap
As expected ninja consolidation within Y-0 and Y+1 first. Once Y-0 was breached, we get a go for Y-1. Y-1 tagged and breached by a flush. Closed the week ...
Dow 30 Jun 29 to Jul 03 Outlook
Lawrence’s Comment
As explained last week, Dow was locked in range and it happened again. Y+1 resistance sent Dow straight back down to Y-0 and stuck there. Closed the week near Y-0 and below midpoint.
Outlook
Y-0 / B-0 now strong resistance until proven otherwise. A break of B-1 will lead to quick flush down to B-2 and below to continue the range expansion to the down side.
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