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Lawrence's Comment Recap Pullback started right after a failed test of Y+1. A rare double top pattern created with Y-2 target after New Year. Closed the week below Y-1 and near week ...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 MORELawrence's Comment Recap ES continues to march higher with no significant pullback. Yet, it did not quite make it to the IHS target of 1570 mentioned last week. Option expiration together with ...READ MOREHot n Cold (USDCAD) 2012-7-27Precog Vision – Forex 2014-5-7AUDUSD Sep 07 to Sep 11 OutlookDow 30 Jul 03 to Jul 07 Outlook3DP Odds Table (USDCAD) 2020-06-08GBPUSD May 18 to May 22 OutlookNasdaq 100 Jan 06 to Jan 10 Outlook3DP Odds Table (USDCAD) 2017-08-09Precog Vision – Forex 2017-2-6S&P 500 Mar 18 to Mar 22 Outlook
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Lawrence’s Comment
Y-1 acted as support early in the week sending this back up to the down channel top. Channel resistance forced a turn lower and we got the channel support / Y-2 by end of the week. Closed the week below Y-1 and midpoint.
Outlook
Channel resistance now lowered to Y-0 area. Clearing that will give way to retest the November high.
For now, we have to assume the channel will continue to dictate the price with a bounce back up to channel top likely.
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