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
ES followed the other 2 indices making a major reversal. Custom breadth models correctly identified the expected weaknesses. Closed the week below Y-1 and near week low.
Outlook
Y-1 ...
Lawrence's Comment
Recap
More downside as expected but failed to tag Y-2. Just consolidated around Y-1. Closed the week near Y-1 and midpoint.
Outlook
Indecision to close near Y-1 means a chance to push ...
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
Y-0 did not act as support, so no fuel to go higher. Consolidation week closing below Y-0 and midpoint.
Outlook
3rd week of compression in place. Breakout of this ...
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
GBPUSD Nov 24 to Nov 28 Outlook
Lawrence’s Comment
Y-1 test confirmed support. Bounced back up but failed to clear Monday high. Closed the week below Y-0 and midpoint.
Outlook
Tight range consolidation. Ledge is formed. Continuation of trend entering ledge is likely which is down. That puts Y-2 in play.
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