Trading Edges That Last
- You May Also LikeFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MORE
Lawrence's Comment Recap Held up pretty well for 2 days. Then euro collapsed and dragged everything lower. Yet, Dow managed to drift higher and closed the week at midpoint. Outlook End of ...READ MORELawrence's Comment Recap As expected, ES dropped below 2000 to challenge its monthly support zone. Picture perfect Y-2 test sent ES striaght back up to Y-1, breakout and zoom higher to Y-0 ...READ MORELawrence's Comment Recap NQ gap and go right from the start of the week to clear the strong resistance of Y-0 and filled the open gap above. This led to retest of ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREPrecog Vision – Forex 2017-5-1Dow 30 Jan 02 to Jan 06 Outlook3DP Odds Table (GBPUSD) 2011-07-28Intraday Cycle Projection (GBPUSD) 2021-09-06S&P 500 Jul 04 to Jul 08 Outlook3DP Odds Table (GBPUSD) 2019-03-14Weekly Cycle Projection (GBPUSD) 2019-10-07Nasdaq 100 Apr 27 to May 01 OutlookPrecog Vision – Forex 2011-12-153DP Odds Table (GBPUSD) 2023-05-02
As Featured In
GBPUSD May 26 to May 30 Outlook
Lawrence’s Comment
Opened holding above the resistance mentioned last week. Cable has no choice but squeezed back up to Y+1. Rejected by Y+1, sending it back down to Y-0 again. Closed the week near Y-0 and below midpoint.
Outlook
Y+1 rejected decisively creating a strong resistance from Y-0 to B-0. Continuation selloff points to B-3 in play as long as B-0 can cap any bounce.
Share