Trading Edges That Last
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Lawrence's Comment Recap ES spiked down to Y-1 and then tried to hold it since. Dow's all out collapse dragged ES lower and forced ES to consolidate around Y-1. ES closed the ...READ MORELawrence's Comment Recap As expected NQ is not as bearish as it looked. The weaknesses from the week before last disappeared at the start of past week. That turned the ...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 MOREDow 30 Mar 20 to Mar 24 Outlook3DP Odds Table (GBPUSD) 2018-12-173DP Odds Table (GBPUSD) 2018-09-14Intraday Cycle Projection (GBPUSD) 2012-10-16Precog Vision – Forex 2020-4-9S&P 500 Sep 30 to Oct 04 OutlookNasdaq 100 Dec 24 to Dec 28 OutlookPrecog Vision – Forex 2015-6-8S&P 500 Apr 22 to Apr 26 OutlookNasdaq 100 Feb 19 to Feb 23 Outlook
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GBPUSD Mar 19 to Mar 23 Outlook
Lawrence’s Comment
The less likely scenario happened after a quick break below Y-1, cable bounced back above that quickly. That set the stage to rally back to Y+1. We almost got that by end of the week. Closed the week near the high and above Y-0.
Outlook
The downtrend on 4 hours is broken. That turns Y-1 to B-0 into a strong support zone.
More upside is expected as long as cable trades at or above the support zone.
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