Trading Edges That Last
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Lawrence's Comment Recap ES setup from the week before last was so strong it carries itself higher while NQ digging at the bottom of its range. ES eventually gave in after a ...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 euro zone development killed the potential selloff. Short squeeze breakout normal target to Y+2 / Y+3 completed. Closed the week at Y+3. Outlook At the cost of driving away ...READ MORELawrence's Comment Recap Gap above Y+1 at the start of the week forced another systematic squeeze on shorts. Tight range all week. At the final hours on Friday, rallied to ...READ MORERecap of Last Week I mentioned that we are looking for many 500 pips swings to come this year in the prior weekly outlook on euro. Here we are, ...READ MOREIntraday Cycle Projection (GBPUSD) 2015-10-09S&P 500 Jul 29 to Aug 02 OutlookIntraday Cycle Projection (GBPUSD) 2011-07-01Precog Vision – Forex 2019-1-7Dow 30 Jan 23 to Jan 27 OutlookHot n Cold (GBPUSD) 2014-2-7Hot n Cold (GBPUSD) 2020-6-5GBPUSD Mar 27 to Mar 31 OutlookS&P 500 Aug 13 to Aug 17 OutlookEURUSD Jan 17th to 21th Outlook
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GBPUSD Feb 20 to Feb 24 Outlook
Lawrence’s Comment
More downside as expected. Intervention by ECB resulted in a squeeze that closed the week at midpoint.
Outlook
Money is leaving EU and no long term investors want to risk their money on government junk bonds that are created to loot their wealth. Cable is closely tied with euro thus it will be difficult for cable to rally off the current level.
Similar to last week, there is limited upside potential here for cable and significant downside risk. A clean break of B-1 will drop this pair down to B-3.
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