Trading Edges That Last
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Lawrence's Comment Recap Just like NQ, ES tested Y-0 at the start of the week and then immediately selloff to Y-2. Y-1 acted as resistance giving the selloff more firepower to ...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 MORELawrence's Comment Recap Consolidated around previous week close in reduced range. Situation in Ukraine put a leash on the majors. Closed the week below Y+1 and near midpoint. Outlook Volatility should pick up later ...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 MORELawrence's Comment Recap Heavy selling as expected from the resistance zone mentioned last week. Got first target at Y-2 mid-week. As weekly support zone was breached ES can no longer hold up. ...READ MOREPrecog Vision – Forex 2022-4-6S&P 500 Apr 18 to Apr 22 Outlook3DP Odds Table (EURUSD) 2022-01-21Precog Vision – Forex 2021-7-8USDCAD Mar 17 to Mar 21 OutlookPrecog Vision – Forex 2021-6-23DP Odds Table (EURUSD) 2016-03-01S&P 500 Aug 04 to Aug 08 OutlookHot n Cold (EURUSD) 2011-11-293DP Odds Table (EURUSD) 2019-09-03
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EURUSD May 12 to May 16 Outlook
Lawrence’s Comment
Double fun with euro last week. 1.39 cleared early in the week, gave us a 100% absolute range expansion to right below 1.4 hard resistance which is also the upside target mentioned last week. Then we get the normal reaction from the resistance. Normal reaction turns into all out collapse when Y+1 was breached. Closed the week below Y-1 and near week low.
Outlook
The move to 1.4 was necessary to clean out the remaining shorts to stage the next long term down trend.
If this is the swing top of the year, we will see wild swings this coming week to fight the turn, as long as Y+1 is not breached, more downside is expected.
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