Trading Edges That Last
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Lawrence's Comment Recap The head and shoulder formation was invalidated at the start of the week as Dow did not stay below the neckline. Signature STOPD reversal after the new low ...READ MORELawrence's Comment Recap Took off from support mentioned last week. Got target Y+2 and above. Closed the week above Y+2 and at week high. Outlook No surprise with the short term bottom. ...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 MORES&P 500 May 10 to May 14 OutlookDow 30 Sep 19 to Sep 23 OutlookAUDUSD Jun 06 to Jun 10 OutlookPrecog Vision – Forex 2014-8-53DP Odds Table (AUDUSD) 2014-05-09Intraday Cycle Projection (AUDUSD) 2015-05-12USDCAD Sep 19 to Sep 23 OutlookWeekly Cycle Projection (AUDUSD) 2014-02-243DP Odds Table (AUDUSD) 2014-05-07Intraday Cycle Projection (AUDUSD) 2014-01-14
As Featured In
AUDUSD Jul 28 to Aug 01 Outlook
Lawrence’s Comment
Bottoming formation gave us a run from Y-0 to Y+2, yet Y+1 failed to act as support. Closed the week below Y+1 and midpoint.
Outlook
Y+1 failing to hold means the bottom from last week was not strong enough. A retest of B-1 is likely.
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