Recap Election week started with Y-1 holding up fine, which opened the door to Y-0 and the election results propelled cable back up to Y+1. Closed the week above Y-0 and midpoint.
Outlook Outside week strong close within previous week range means Y+1 is not invalidated yet. Until Cable can close above Y+1 on daily basis, we cannot rule out a drop back down to B-0 first.
Lawrence's Comment
Recap
This is WTF chart of the week. Multiple logistic / structural issues with Nasdaq that magically lifted the index back up to almost filling the gap from last week. ...
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
Lawrence's Comment
Recap
Mentioned last week looking for a top to form after upside target Y+2 is tagged. Got the rally and stopped when 100% absolute range expansion is reached. ...
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
Consolidation around previous week close at 50% range. End of week rally took Dow back up. Closed the week above Y-1 and midpoint.
Outlook
Consolidation week with up close ...
GBPUSD May 11 to May 15 Outlook
Lawrence’s Comment
Election week started with Y-1 holding up fine, which opened the door to Y-0 and the election results propelled cable back up to Y+1. Closed the week above Y-0 and midpoint.
Outlook
Outside week strong close within previous week range means Y+1 is not invalidated yet. Until Cable can close above Y+1 on daily basis, we cannot rule out a drop back down to B-0 first.
Share