Trading Edges That Last
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Lawrence's Comment Recap Consolidation action at support as mentioned last week. FOMC announcement sent ES back down to retest the support zone and it was defended. Short squeeze on Friday finished 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 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 As mentioned last week, double whiplash with breakout to the downside. Tagged downside target of Y-3. Closed the week near week low and above Y-3. Outlook Just got ...READ MORELawrence's Comment Recap The biggest drop in Dow during first 3 days of a year ever happened. Then a equally impressive recovery back to above previous year close was made in just ...READ MOREIntraday Cycle Projection (USDCAD) 2014-09-26USDCAD Oct 15 to Oct 19 OutlookS&P 500 Feb 01 to Feb 05 OutlookHot n Cold (USDCAD) 2023-5-1Precog Vision – Forex 2021-7-16Precog Vision – Forex 2022-6-20Weekly Cycle Projection (USDCAD) 2017-03-20Nasdaq 100 Nov 12 to Nov 16 OutlookGBPUSD Nov 04 to Nov 08 OutlookDow 30 Jan 12 to Jan 16 Outlook
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USDCAD Oct 22 to Oct 26 Outlook
Lawrence’s Comment
The funniest pair last week. Got the upside breakout above Y+1 which invalidated the bearish potential. Then above turn back down to almost Y-1, even printed a slight lower low against the beginning of the week, to shake out all the weak longs, and then zoom up all the way on the news shock. Closed the week above Y+3 and at the week high.
Outlook
Successfully broken out of the multiple week tight range. An uptrend is now defined. As long as B-0 down to Y+1 can act as support there is no reason why this cannot go a lot higher.
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