Trading Edges That Last
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Lawrence's Comment Recap NQ failed to clear Y+1 and led to a drop to Y-1 quickly and then it failed to clear Y-0 resulting in more selling into Y-3. That produced a ...READ MORELawrence's Comment Recap 3 Pushes Up top as mentioned last week gave us a clean sell off down to Y-2 and waterfall effect carried ninja lower to below Y-3. Closed the week ...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 Consolidation around previous week close. Found resistance from Y+1 / week mid later in the week. Closed the week above Y-0 and below midpoint. Outlook Potential spike and ledge in place. ...READ MORENasdaq 100 Jan 05 to Jan 09 OutlookHot n Cold (USDJPY) 2017-10-13USDJPY Aug 24 to Aug 28 OutlookIntraday Cycle Projection (USDJPY) 2022-01-26Precog Vision – Forex 2015-10-21S&P 500 Jan 30 to Feb 03 OutlookPrecog Vision – Forex 2020-9-24Dow 30 Jan 06 to Jan 10 OutlookAUDUSD Feb 13 to Feb 17 OutlookIntraday Cycle Projection (USDJPY) 2011-06-09
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USDJPY May 09 to May 13 Outlook
Lawrence’s Comment
As expected more weaknesses this week and the spike low almost tagged Y-3. Closed the week at exactly the midpoint.
Outlook
Being able to bounce before Y-3 was tagged means higher timeframes in control. In this case, we have the multiple year low made not too long ago in sight. Should a buy setup formed here and materialized, we probably have a multiple year low established and this pair should move higher.
The big question is that can the multiple year spike low act as support at all. This week will be critical.
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