Trading Edges That Last
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Lawrence's Comment Recap Bullish scenario unfolded as Y+1 tagged first with Y-0 support leading to a run to Y+2. Option expiration Friday even jumped NQ to Y+3 by open yet failed to ...READ MORELawrence's Comment Recap Opened holding above the resistance mentioned last week. Cable has no choice but squeezed back up to Y+1. Rejected by Y+1, sending it back down to Y-0 again. Closed ...READ MORELawrence's Comment Recap ES simply gapped through the Y+1 resistance mentioned last week. Signature PPT activities detected overnight there. The gap thru led to a strong squeeze up to the crime scene ...READ MOREHot n Cold (USDCAD) 2012-6-15EURUSD Oct 26 to Oct 30 OutlookNasdaq 100 Aug 18 to Aug 22 OutlookIntraday Cycle Projection (USDCAD) 2022-03-11AUDUSD Mar 06 to Mar 10 OutlookGBPUSD Aug 26 to Aug 30 OutlookGBPUSD May 26 to May 30 OutlookS&P 500 Oct 27 to Oct 31 OutlookDow 30 May 01 to May 05 OutlookGBPUSD Oct 31 to Nov 04 Outlook
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USDCAD Dec 24 to Dec 28 Outlook
Lawrence’s Comment
The cleanest swing bottom for a long while. The exact formation I was looking for last week, bottom formation clearing resistance, happened and gave us Y+2 normal target. Zoomed through them all to Y+3. Closed the week above Y+2 and midpoint.
Outlook
Last part of the zoom up obviously was stop run. To prove the run has legs, we need to see consolidation to hold B-0 / Y+1. Then a push above B+1 will continue.
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