Trading Edges That Last
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Lawrence's Comment Recap Selloff target Y-2 tagged first thing of the week. W. spring against Y-2 sent NQ back above Y-1. Again, another spring from Y-1 sent NQ up and gap ...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 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 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 Consolidation during first half of the week was followed by explosive short squeeze from FOMC announcement. ES pushed to new high for the year. Closed the week above Y+1 ...READ MORENasdaq 100 Apr 25 to Apr 29 OutlookHot n Cold (USDJPY) 2022-1-7Hot n Cold (USDJPY) 2011-5-123DP Odds Table (USDJPY) 2021-11-30Precog Vision – Forex 2017-9-20S&P 500 Sep 15 to Sep 19 OutlookHot n Cold (USDJPY) 2012-11-5Precog Vision – Forex 2015-9-233DP Odds Table (USDJPY) 2015-11-26S&P 500 Jun 23 to Jun 27 Outlook
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USDJPY Dec 03 to Dec 07 Outlook
Lawrence’s Comment
Pulled back to slightly below Y-0 and bounced off. Retest of Y+1 did not quite make it there. Closed the week above midpoint and Y-0.
Outlook
Inside week with political uncertainty looming in Japan. I still do not understand why they choose to rush an election at the end of the year. Originally this is the pair with best potential to ride on the long side all the way. Now it is a wait and see situation.
Likely consolidation until the general election is over.
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