Trading Edges That Last
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Lawrence's Comment Recap NQ wild swings between previous week close and Y+1. Broke out upside but failed to stay above. That opened the door back down to Y-0. NQ finally catch up ...READ MORELawrence's Comment Recap Similar to NQ, ES consolidated around previous week close and waited for the FOMC announcement. Since then, breakout to the upside and tagged 100% absolute range expansion then stalled. ...READ MORELawrence's Comment Recap Consolidation around previous week close at 50% range. A rare normal breather since the beginning of this year. Closed the week below Y+1 and near midpoint. Outlook A marginal double top ...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 MORE3DP Odds Table (EURUSD) 2018-07-02USDCAD Nov 15 to Nov 19 Outlook3DP Odds Table (EURUSD) 2012-09-043DP Odds Table (EURUSD) 2015-04-243DP Odds Table (EURUSD) 2014-09-12Nasdaq 100 Jan 27 to Jan 31 Outlook3DP Odds Table (EURUSD) 2021-06-10S&P 500 Sep 26 to Sep 30 OutlookS&P 500 Feb 24 to Feb 28 OutlookPrecog Vision – Forex 2017-9-14
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EURUSD Oct 20 to Oct 24 Outlook
Lawrence’s Comment
Euro cleared the resistance zone mentioned last week, staging Y-0 support for a run to Y+1 and above. And that’s exactly what happened right after. 100% absolute range expansion stopped euro from going higher. Closed the week above Y-0 and near midpoint.
Outlook
Decisive rejection of the 1.28 to 1.29 zone. FBO against Y+1 in place on weekly. As long as Y+1 acting as resistance, we get a flush back down to B-1 and likely Y-1 soon.
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