Recap Very similar to Dow, made a waterfall pattern and collapsed down to Y-1. Closed the week below midpoint BUT almost made it to close above Y-1.
Outlook The attempt to close above Y-1 was made during the late few minutes of trading on Friday. It actually rallied above and cleared Y-1 but then fell back down at the very last minute on settlement adjustment.
Potential bottom in place. Need a clean higher low rally visible on 30-min first.
Lawrence's Comment
Recap
Euro did not even reaction to the old time 1.08 level as the selling entered panic mode. 100% absolute range expansion was the only thing that provided the first ...
Lawrence's Comment
Recap
S&P pullback was expected and pretty much landed and ended at the Y-0 support precisely. Since then S&P drifted back up to new high again. Closed the week above ...
S&P 500 Aug 01 to Aug 05 Outlook
Lawrence’s Comment
Very similar to Dow, made a waterfall pattern and collapsed down to Y-1. Closed the week below midpoint BUT almost made it to close above Y-1.
Outlook
The attempt to close above Y-1 was made during the late few minutes of trading on Friday. It actually rallied above and cleared Y-1 but then fell back down at the very last minute on settlement adjustment.
Potential bottom in place. Need a clean higher low rally visible on 30-min first.
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