Recap Stopped right at the resistance zone mentioned last week. Sold off to Y-0 with very strong reaction to the price level, implying that Y-0 is strong support and that it is not that easy to break below the level. Second try to test the level resulted in a bounce to close the week at B-0.
Outlook As long as the pair holding up above B-1, B+2 is in play. The uptrend is now established.
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Lawrence's Comment
Recap
No strength to push above Y+1, lower prints happened. Pretty much as expected. The more interesting part is that gold has broken its daily down trend by the end ...
Lawrence's Comment
Recap
ES followed the other 2 indices making a major reversal. Custom breadth models correctly identified the expected weaknesses. Closed the week below Y-1 and near week low.
Outlook
Y-1 ...
AUDUSD Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Stopped right at the resistance zone mentioned last week. Sold off to Y-0 with very strong reaction to the price level, implying that Y-0 is strong support and that it is not that easy to break below the level. Second try to test the level resulted in a bounce to close the week at B-0.
Outlook
As long as the pair holding up above B-1, B+2 is in play. The uptrend is now established.
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