Recap A push towards Y+2 as expected. Failed on 3rd try resulting in a quick slide back down to Y-0. Closed the week near week low.
Outlook As long as B-0 acting as resistance, there should be more downside. B-2 is likely early next week. The goal could be simply forcing a flush towards par.
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Lawrence's Comment
Recap
S&P followed Dow's lead broke out upside. Stopped going higher right below 100% absolute range expansion when Dow completed its run. Immediately collapsed back down to previous week close. ...
USDCAD Jul 16 to Jul 20 Outlook
Lawrence’s Comment
A push towards Y+2 as expected. Failed on 3rd try resulting in a quick slide back down to Y-0. Closed the week near week low.
Outlook
As long as B-0 acting as resistance, there should be more downside. B-2 is likely early next week. The goal could be simply forcing a flush towards par.
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