Trading Edges That Last
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Lawrence's Comment Recap Y+1 rejected with a clean drop below Y-1. End of week shock from BOJ stopped the downward move somehow without expanding to Y-2. Closed the week near Y-1 and ...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 Unlike the other 2 indices, NQ has been the weakest all week. Closed the week at midpoint. Outlook As long as Y-0 holds, NQ can go higher. If Y-0 ...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 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 Expected a pullback from the selloff but not a straight up like what we got last week. Closed the week near week high right underneath 13000 round ...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 MOREGBPUSD Nov 03 to Nov 07 OutlookPrecog Vision – Forex 2013-7-31Nasdaq 100 Oct 24 to Oct 28 Outlook3DP Odds Table (USDJPY) 2015-08-14Precog Vision – Forex 2016-8-313DP Odds Table (USDJPY) 2018-07-23Precog Vision – Forex 2017-8-4S&P 500 Jan 10 to Jan 14 OutlookDow 30 Nov 26 to Nov 30 OutlookPrecog Vision – Forex 2014-12-12
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USDJPY Jul 16 to Jul 20 Outlook
Lawrence’s Comment
Tried very hard to form a low above the support zone mentioned last week yet failed to do so. Landing at the target zone finally resulted in extreme upside reaction, yet sold off back down to the support zone again. Closed below Y-1 and near week low.
Outlook
Partly news driven, partly stop run on a very thin market. Resistance is now clearly defined at 80. Long term up trend can resume once 80 is taken out and turning into support.
A game of patience here. Ample time to wait for the confirmation before jumping in.
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