Recap Y-1 acted as support. Without news shock euro is now stuck. Closed the week near Y-0.
Outlook Inside week and clear compression across many markets. No point rushing in to bet on a direction. A clear strong move away from this area will give us plenty of time to jump in for a ride.
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
Strongest among the big 3 indices. FBO Monday, this time NQ can no longer gap up to force a breakout to the upside. Hence normal selloff back down to ...
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 was under heavy distribution mid week with likely target below Y+1, yet the BOJ announcement took the world by surprise and many traders are burnt badly. NQ shot ...
Lawrence's Comment
Recap
Tight range 2-way swings as expected. 50% week range. Closed the week near Y-0 and midpoint.
Outlook
Compression points to breakout mode. The struggle to hold Y-0 points to ...
EURUSD Aug 20 to Aug 24 Outlook
Lawrence’s Comment
Y-1 acted as support. Without news shock euro is now stuck. Closed the week near Y-0.
Outlook
Inside week and clear compression across many markets. No point rushing in to bet on a direction. A clear strong move away from this area will give us plenty of time to jump in for a ride.
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