Recap 2-way action around previous week close. Head and shoulder breakdown capped by higher timeframe support below and led to a squeeze higher back up to shoulder top. Closed the week near Y-0 and above midpoint.
Outlook Trapped between 2 strong price zones. Until either boundary of this 3 weeks consolidation range is breached, there is no real direction play in coming weeks.
Lawrence's Comment
Recap
Euro ended 2014 at the lowest level of the year as explained in my monthly newsletter. Right after new year, it cracked the 1.20 target zone too. Great start ...
Lawrence's Comment
Recap
Bear flag on 4 hours broken to the down side gave us a nice drop to Y-0. Y-0 support led to a run for week high and then breakout ...
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Nasdaq 100 May 23 to May 27 Outlook
Lawrence’s Comment
2-way action around previous week close. Head and shoulder breakdown capped by higher timeframe support below and led to a squeeze higher back up to shoulder top. Closed the week near Y-0 and above midpoint.
Outlook
Trapped between 2 strong price zones. Until either boundary of this 3 weeks consolidation range is breached, there is no real direction play in coming weeks.
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