Trading Edges That Last
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Lawrence's Comment Recap Strong reaction after closing year 2013 at the high. Sold off quickly after New Year until 100% absolute range expansion was reached. Stuck in that zone since. Closed the ...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 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 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 NQ edged lower below Y-1 but never really stayed below the support level. Took it a week to breakout upside. Closed the week near week high and above Y-0. Outlook Whole ...READ MORES&P 500 Jan 06 to Jan 10 OutlookPrecog Vision – Forex 2018-1-17Precog Vision – Forex 2015-4-9Intraday Cycle Projection (GBPUSD) 2012-11-223DP Odds Table (GBPUSD) 2012-02-20Weekly Cycle Projection (GBPUSD) 2016-09-05Dow 30 Nov 14 to Nov 18 Outlook3DP Odds Table (GBPUSD) 2017-04-11Precog Vision – Forex 2022-8-16Nasdaq 100 Jul 29 to Aug 02 Outlook
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GBPUSD Nov 05 to Nov 09 Outlook
Lawrence’s Comment
Tagged upside target after bounced off Y-0. That played out as expected. Disappointed, however, that cable failed to hold above Y+1 as support and dropped back down to week low. Closed the week near week low and Y-0.
Outlook
The week before last we have rejection of 1.60 which gave us Y+1 and above. Now, it is the opposite – as long as B-0 is acting as resistance, or, if cable dropped quickly below B-1 and that turning into resistance, cable will be forced to drop to B-2 and below.
Sticky situation here as we are also waiting for reactions to US Election results.
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