Recap Monday weak close and then gapped down to open gap below. Bounced off at once. Y-0 support led to a squeeze back up to Y+1. Closed the week above Y-0 and midpoint.
Outlook Weakest of the 3 major indices. Rising wedge like formation. B+1 resistance can send this back down to B-0 / Y-0 again.
Lawrence's Comment
Recap
Loonie finally breakout of the 3 week boundary. Y+1 was not even touched when the pullback started. Y-0 was cleared quickly opening the way to Y-1. Strong 4 hour ...
Lawrence's Comment
Recap
Beautiful whiplash action as expected against Y+1 first and than dropping cable down to my target at Y-2. Closed the week near Y-2 and week low.
Outlook
Momentum to ...
Lawrence's Comment
Recap
As expected, Canadian dollar consolidated around Y-1 with downside bias. Closed the week around Y-1 and below midpoint.
Outlook
No strong directional bias because loonie is so close to par level ...
Nasdaq 100 May 18 to May 22 Outlook
Lawrence’s Comment
Monday weak close and then gapped down to open gap below. Bounced off at once. Y-0 support led to a squeeze back up to Y+1. Closed the week above Y-0 and midpoint.
Outlook
Weakest of the 3 major indices. Rising wedge like formation. B+1 resistance can send this back down to B-0 / Y-0 again.
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