Recap Dow opened down at Y-2 and triggered a flush down to Y-3, all happening within the first 30 minutes of the week. Since then extreme 2 way swings until Dow cleared Y-1. Closed the week above Y-1 and near week high.
Outlook More upside likely as the market shock subsided. 17000 round # strong attractor above. Trapped long from 17000 and above will likely cap any rally attempt and the potential of more sell off by the end of the week.
Lawrence's Comment
Recap
Aussie dropped down to Y-2 as expected. Tight range at 50% previous week range. Multiple tried in real-time to bounce higher yet previous week close held it down. Closed ...
Lawrence's Comment
Recap
Y+1 failed to hold the pair down led to a quick run up to Y+2 before the pair stalled. Pulled back to midpoint and closed the week ...
Dow 30 Aug 31 to Sep 04 Outlook
Lawrence’s Comment
Dow opened down at Y-2 and triggered a flush down to Y-3, all happening within the first 30 minutes of the week. Since then extreme 2 way swings until Dow cleared Y-1. Closed the week above Y-1 and near week high.
Outlook
More upside likely as the market shock subsided. 17000 round # strong attractor above. Trapped long from 17000 and above will likely cap any rally attempt and the potential of more sell off by the end of the week.
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