Trading Edges That Last
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Lawrence's Comment Recap Spike and ledge from the week before failed to produce a sell off last week. Y-1 acted as support most of the week producing strong bounces back up. Closed ...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 Bear flag breakout like Dow. ES rallied higher to fill the open gap above and then stalled. Closed the week at Y-2 and above midpoint. Outlook As long as B+1 acting ...READ MOREIntraday Cycle Projection (GBPUSD) 2014-06-13Dow 30 Sep 07 to Sep 11 OutlookPrecog Vision – Forex 2015-12-3Dow 30 Jan 13 to Jan 17 OutlookPrecog Vision – Forex 2011-5-203DP Odds Table (GBPUSD) 2018-03-30GBPUSD Aug 20 to Aug 24 OutlookHot n Cold (GBPUSD) 2013-2-22GBPUSD Jul 06 to Jul 10 OutlookS&P 500 Sep 16 to Sep 20 Outlook
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Lawrence’s Comment
Everything changed over the weekend in Europe. Cable found support at Y-1 and forced a test of Y-0. That in turn provided fuel for cable to clear Y-0 gunning for Y+1. Closed the week near Y+1 and above midpoint.
Outlook
Outside week reversal against the just established down trend indicates many people are caught on the wrong side of the market. Now Y-0 / B-0 strong support with this week consolidation at 50% week range likely.
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