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Lawrence's Comment Recap Consolidation into NFP Friday as expected. Sudden weakening of USD against other majors on Friday gave the stock market strength to hold up. Closed the week above Y-0 and ...READ MORELawrence's Comment Recap Overnight ES dropped below 2000 and the buying started right on schedule. The straight up reversal surprised many traders and created a short squeeze later in the week forcing ...READ MORELawrence's Comment Recap Similar to Dow, ES moving lower as expected. Tagging both 1st target of Y-2 and 2nd target of Y-3 in one go was a present surprise. The bounce ...READ MORELawrence's Comment Recap 2nd inside week in a row. Magic buying above Y-1 sent ninja back up to Y-0. Stalled from there since. Closed the week below Y-0 and above midpoint. Outlook 2nd inside ...READ MORE3DP Odds Table (GBPUSD) 2013-11-19Weekly Cycle Projection (GBPUSD) 2013-10-07Dow 30 Jun 06 to Jun 10 OutlookEURUSD Oct 15 to Oct 19 OutlookNasdaq 100 Apr 19 to Apr 23 OutlookS&P 500 Nov 23 to Nov 27 Outlook3DP Odds Table (GBPUSD) 2012-08-06S&P 500 Apr 16 to Apr 20 OutlookIntraday Cycle Projection (GBPUSD) 2020-12-07USDJPY Mar 24 to Mar 28 Outlook
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Lawrence’s Comment
My favourite pair giving us the easiest play for the week again. Pullback back to Y-0 and found support. Took off higher all the way to Y+3. Closed the week near week high and above Y+2.
Outlook
Weekly upside target tagged. Challenging monthly resistance here. First test probably will result in at least a pullback down to Y+1. Difficult to tell now if it is all cable has in store to the upside.
I need to see how cable react to a move above B+1 to determine if sellers are waiting up there.
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