Recap Continuation drop turned into falling wedge and bottom out. Reversal forced a test of the crime scene of the breakdown. Closed the week below Y-1 and midpoint.
Outlook B-1 retest likely. B-2 continuation target.
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
ES simply gapped through the Y+1 resistance mentioned last week. Signature PPT activities detected overnight there. The gap thru led to a strong squeeze up to the crime scene ...
Lawrence's Comment
Recap
No pullback, just consolidation in tight range around previous week close / high zone. NQ then took off with ES and Dow upon the non-resolution in Europe on Friday. ...
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
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
EURUSD Sep 05 to Sep 09 Outlook
Lawrence’s Comment
Continuation drop turned into falling wedge and bottom out. Reversal forced a test of the crime scene of the breakdown. Closed the week below Y-1 and midpoint.
Outlook
B-1 retest likely. B-2 continuation target.
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