Trading Edges That Last
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Lawrence's Comment Recap A dramatic week. Failed to push above Y-0 and flushed through Y-1 quickly. Y-2 acted as support temporarily and then flushed down to new low above Y-3. ...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 Most messed up index among the big 3. Held a higher low right from the start of the week and zoomed higher. Then news shock help ES ...READ MORELawrence's Comment Recap Short squeeze on rumors back up to Y-0. Collapsed right after back down to Y-1. Equal distance target below tagged by end of the week off previous week close. ...READ MORELawrence's Comment Recap Dropped below 15000 as expected. Flushed down to Y-3 and support was found. Bounced back up to week mid. Closed the week near midpoint and Y-2. Outlook Well structured selling. No ...READ MORES&P 500 Jul 16 to Jul 20 OutlookPrecog Vision – Forex 2012-3-53DP Odds Table (EURUSD) 2014-12-24S&P 500 Oct 22 to Oct 26 OutlookS&P 500 May 09 to May 13 OutlookEURUSD Jun 28 to Jul 02 OutlookDow 30 Oct 07 to Oct 11 OutlookHot n Cold (EURUSD) 2016-2-5Weekly Cycle Projection (EURUSD) 2011-09-19Weekly Cycle Projection (EURUSD) 2012-04-23
As Featured In
EURUSD Oct 06 to Oct 10 Outlook
Lawrence’s Comment
Y-2 / 1.26 indeed stopped the drop and staged a bounce. Yet it failed to clear Y-1 resulting in another flush lower to near Y-3. Closed the week below Y-2 and near week low.
Outlook
Euro has expanded its weekly level flush to near 1.25 where it is now over extended by time, finally. With such strong momentum to the down side, it is expected to be difficult to bounce back up.
If euro can successfully stage an earlier we reversal from slightly below B-1 to above B-0 in 1 go, we have a counter-trend play with target above B+2.
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