Recap The likely (normal) scenario did not happen and Y-0 was taken out by a gap. Mid gap acted as support and rallied to upside target of Y+1 and filled the upside gap instead. Closed the week above Y+1 (previous week high).
Outlook Y+1 downto B-0 is strong support. A bottom formation from there implies a rally upto B+2 over the coming few weeks.
As the range of past 2 weeks are very wide. Daytrading will be more difficult than usual.
Lawrence's Comment
Recap
Euro got its 1.32 test and zoomed thru it to Y+2 and 1.33. Closed the week above Y+2 and midpoint.
Outlook
Thin rising wedge / up channel in place. It is ...
Lawrence's Comment
Recap
FBO against B+1 gave as sell off down to 100% absolutely range expansion. Buying discovered there produced a short squeeze straight back up to Y+1 and above. Tagged Y+2 ...
Nasdaq 100 Mar 28 to Apr 01 Outlook
Lawrence’s Comment
The likely (normal) scenario did not happen and Y-0 was taken out by a gap. Mid gap acted as support and rallied to upside target of Y+1 and filled the upside gap instead. Closed the week above Y+1 (previous week high).
Outlook
Y+1 downto B-0 is strong support. A bottom formation from there implies a rally upto B+2 over the coming few weeks.
As the range of past 2 weeks are very wide. Daytrading will be more difficult than usual.
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