Lawrence's Comment
Recap
Quiet start like other pairs until FOMC news shock. Y+2 usual upside target blocked the upswing. Closed the week above Y-0 and below midpoint.
Outlook
Loonie rejected the upside decisively.As long ...
Lawrence's Comment
Recap
Channel support breached gave us Y-1 as expected. Wild up swing testing the channel support from below failed to clear the resistance and sent Aussie down to Y-1 again. ...
Lawrence's Comment
Recap
What resistance? NQ simply popped higher right from the start of the week and stayed above previous week close. Once Dow and S&P are ready, all 3 indices jumped ...
Lawrence's Comment
Recap
NQ gapped higher above Y+1 hence started a light volume short squeeze. 50% range acted as resistance and a quick pullback to week mid before closing higher. Closed the ...
Dow 30 Aug 15 to Aug 19 Outlook
Lawrence’s Comment
The wildest swings within a week in US stock market history. Closed the week above Y-1.
Outlook
The waterfall selloff is now completed and that the first leg of this selloff is over.
If in coming few days Dow just moving around the B+1 to Y-1 zone, the selloff will resume to at least retest the low (B-1).
Daytrading is still better than swing trading in this environment.
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