Recap Congestion between B-1 to B+1 most of the week. Then total collapse once the week low is taken out the last moment of the week. Obvious stop run seeking sell stops below. Tagged Y-4 and completed 200% absolute range expansion.
Outlook Wait for prices to settle down and a base to form again.
For 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 schedule
Lawrence's Comment
Recap
NQ failing to clear the open gap above earlier in the week confirmed NQ being the weakest among the indices. Downside target of Y-2 and Y-3 tagged in stair ...
Lawrence's Comment
Recap
ES is not as bullish as Dow but not as weak as NQ either. As mentioned last week, once ES getting close to one side of the ...
Lawrence's Comment
Recap
Attempt to break above Y+1 failed and led to a test of Y-1. Support found above Y-1. Closed the week below Y-0 and midpoint.
Outlook
Inside week points to ...
Lawrence's Comment
Recap
No continuation selloff. Instead we got a consolidation week. ES moved around Y+1 with no directional push until end of the week after NFP report. Closed the week above ...
For 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 schedule
USDJPY Jan 02 to Jan 06 Outlook
Lawrence’s Comment
Congestion between B-1 to B+1 most of the week. Then total collapse once the week low is taken out the last moment of the week. Obvious stop run seeking sell stops below. Tagged Y-4 and completed 200% absolute range expansion.
Outlook
Wait for prices to settle down and a base to form again.
Share