Trading Edges That Last
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Lawrence's Comment Recap As expected it is not that easy to smack down NQ. Consolidated around Y+1 most of the week and then popped higher with a gap. Closed the week above ...READ MORELawrence's Comment Recap Consolidation around previous week close. Y-0 acted as support. Closed the week above Y-0 and midpoint. Outlook Consolidation instead of pullback from blowoff action is bullish. This points to ...READ MORELawrence's Comment Recap Consolidation as expected. Centered around Y+1 instead of previous week close as Dow gapped up to Y+1 at the start of the week. Closed the week above Y+1 and ...READ MORELawrence's Comment Recap Started the week with a mild bounce as expected. After breakdown below Y-1, no support until Y-2 as stated last week. Tagged Y-2 and holding there since. ...READ MORENasdaq 100 Oct 28 to Nov 01 OutlookUSDJPY Sep 29 to Oct 03 Outlook3DP Odds Table (AUDUSD) 2021-05-14Dow 30 Sep 01 to Sep 05 OutlookIntraday Cycle Projection (AUDUSD) 2020-12-08Dow 30 Nov 19 to Nov 23 OutlookUSDCAD Nov 14 to Nov 18 Outlook3DP Odds Table (AUDUSD) 2016-05-16GBPUSD Jun 12 to Jun 16 OutlookNasdaq 100 Jan 14 to Jan 18 Outlook
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AUDUSD May 07 to May 11 Outlook
Lawrence’s Comment
Did not push higher at all. First drop to Y-0 did not even hold above Y-0. That opens the door to Y-1. Closed the week well below Y-1 near Y-2.
Outlook
Total mess in terms of PA. Traders on both sides are trapped.
A flush to Y-2 likely results in a bounce to Y-1.
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