Trading Edges That Last
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Lawrence's Comment Recap Sold off early in the week with Dow leading to the downside. This time ES was influenced by Dow more than NQ. Back down to support ES bounced off ...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 Whole week was consolidation within Y-1 to Y-0. Closed the week right below Y-0. Outlook As stated previously, further weaknesses is expected. The past week formed a bear flag (or ...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 The consolidation to close midpoint the week prior to last week pointed to a retest of Y+1 and that happened right at the beginning of last week. Formed ...READ MORES&P 500 Aug 12 to Aug 16 OutlookPrecog Vision – Forex 2016-2-2Hot n Cold (GBPUSD) 2011-10-13AUDUSD May 23 to May 27 OutlookPrecog Vision – Forex 2020-4-243DP Odds Table (GBPUSD) 2016-03-03Hot n Cold (GBPUSD) 2019-10-4Nasdaq 100 Jan 16 to Jan 20 OutlookIntraday Cycle Projection (GBPUSD) 2022-05-02GBPUSD Aug 15 to Aug 19 Outlook
As Featured In
GBPUSD May 04 to May 08 Outlook
Lawrence’s Comment
Cable took out Y+2 as expected and stalled at 100% absolute range expansion. 1-2-3 sell on 4 hour sent cable back to where it started. Closed the week below Y+1 and near week low.
Outlook
V-shape reversal against the monthly level resistance zone implies the resistance zone is a very strong one. B-0 and above now resistance until proven otherwise. A drop to B-2 is in play.
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