Recap Consolidated above Y+1 as expected. Held the support mentioned last week. Rallied to new high by end of the week. Easy week indeed. Closed the week near week high and above Y+1.
Outlook Tagging Y+2 to B+2 is expected early next week. There is not much resistance beyond B+2 so it is not a good idea to counter this up swing. Breaking below B-0 / Y+1 points to a pullback to B-2 area.
For 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 schedule
Lawrence's Comment
Recap
NQ followed the other 2 indices breaking its daily support and slided down to B-1 and in turn breaking B-2 as mentioned last week. The waterfall effect helped NQ ...
USDJPY May 20 to May 24 Outlook
Lawrence’s Comment
Consolidated above Y+1 as expected. Held the support mentioned last week. Rallied to new high by end of the week. Easy week indeed. Closed the week near week high and above Y+1.
Outlook
Tagging Y+2 to B+2 is expected early next week. There is not much resistance beyond B+2 so it is not a good idea to counter this up swing. Breaking below B-0 / Y+1 points to a pullback to B-2 area.
Share