Trading Edges That Last
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Lawrence's Comment Recap Similar to Dow but weaker. S&P can only muster up 100& absolute range expansion. Closed the week above Y+2 and near week high. Outlook Unusual circumstances implies uncertainty ahead. ...READ MORELawrence's Comment Recap Dow tried to hold the prior support zone but failed. Flushed down to 16300 round number and defended the level. The quick snap back up gave us a go ...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 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 Rushed higher to Y+2 by a gap. Then failed to push higher. Filled the gap from the beginning of the week and struggled to hold Monday low since. By ...READ MORES&P 500 Nov 03 to Nov 07 OutlookDow 30 May 26 to May 30 OutlookPrecog Vision – Forex 2021-3-11Precog Vision – Forex 2018-2-26USDJPY Sep 28 to Oct 02 OutlookPrecog Vision – Forex 2022-1-31Dow 30 Apr 08 to Apr 12 OutlookHot n Cold (AUDUSD) 2019-10-43DP Odds Table (AUDUSD) 2017-05-12Intraday Cycle Projection (AUDUSD) 2015-01-14
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AUDUSD May 02 to May 06 Outlook
Lawrence’s Comment
Congestion as expected in the beginning of the week. Then took off to target mentioned last wee, pause, and then finish the move by tagging Y+2. Closed at the high of the week.
Outlook
Momentum is too strong to stop at B+1. The likely price level to stall from is Y+3 to B+2 zone.
The less likely scenario is that a sharp turn from B+1 breaking B-0 means the rally is potentially over.
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