Recap Y-0 resistance with a drop to Y-1 worked out perfectly. The spike low below Y-1 forced a run back up to the crime scene where the drop started. Closed the week above Y-1 and midpoint.
Outlook Short term low in place as long as Y-1 is acting as support with B+1 and above in play.
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Lawrence's Comment
Recap
Aussie held Y-1 and took out Y+1 quickly. This opened the door to Y+2. Y+1 acted as support. Closed the week above Y+1 and midpoint.
Outlook
As I pointed ...
Lawrence's Comment
Recap
Similar to NQ, ES got slammed down from its upside breakout, causing the breakout longs and pullback longs to liquidate their positions in a panic. Ended the week ...
Lawrence's Comment
Recap
NQ tried very down in the beginning of the week to hold onto Y+1 as support, yet Dow was so weak, it dragged NQ and ES along back down. ...
USDCAD Jun 22 to Jun 26 Outlook
Lawrence’s Comment
Y-0 resistance with a drop to Y-1 worked out perfectly. The spike low below Y-1 forced a run back up to the crime scene where the drop started. Closed the week above Y-1 and midpoint.
Outlook
Short term low in place as long as Y-1 is acting as support with B+1 and above in play.
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