Trading Edges That Last
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Lawrence's Comment Recap NQ had a 100 points upside breakout last week. Unlike Dow or ES, NQ continues to drift higher early in the week and then leading to the upside even ...READ MORELawrence's Comment Recap Y-0 resistance gave us test of Y-1 and it was cleared with the added bonus of clearing the support trend line formed over the past 2 weeks. Normal target ...READ MORELawrence's Comment Recap Did not even test Y+1 and dropped back down to Y-1 as expected. Wild 2-way swings as mentioned last week. ES could not find support since Y-1 was broken. ...READ MORELawrence's Comment Recap Rising wedge broken yet no selloff. Consolidated above Y-0 and drifted higher. Breakout upside instead and tagged Y+2 in 1 go. Stalled from there and week midpoint acted as ...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 MOREPrecog Vision – Forex 2013-8-263DP Odds Table (USDCAD) 2011-05-09Nasdaq 100 May 06 to May 10 OutlookUSDJPY Jun 30 to Jul 04 OutlookHot n Cold (USDCAD) 2022-2-18S&P 500 Sep 15 to Sep 19 OutlookS&P 500 Jan 21 to Jan 25 OutlookHot n Cold (USDCAD) 2014-9-12Intraday Cycle Projection (USDCAD) 2013-07-09Precog Vision – Forex 2015-9-7
As Featured In
USDCAD May 02 to May 06 Outlook
Lawrence’s Comment
Unfolded exactly as mentioned last week – tried to rally and stalled at Y-0. Eventually closed the week at Y-1.
Outlook
More weaknesses is expected. A test of B-2 is in play. Reaction there will tell if the drop is over.
The more likely scenario is that B-2 will not stop the selloff and B-3 will be tagged quickly.
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