Recap Test of Y+1 led to breakout attempt above it. Selling stopped the run higher and Y+1 turned into resistance after. Closed the week above Y-0 and near week low.
Outlook FBO against Y+1 points to Y-0 and Y-1 are in play as long as Y+1 / B-0 acting as resistance.
Lawrence's Comment
Recap
As expected, the choopy run up was not sustainable and Dow fell off a cliff back down to Y-1 right from the start. It then consolidated around Y-1. Closed ...
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
Gapped above Y+1 on Monday and closed below. All out selloff induced until 100% absolute range expansion right above Y-1. NQ then tried very hard to produce ...
Lawrence's Comment
Recap
Upside triangle did not break to the downside at all. Instead, formed an up channel and drifted higher and paused after 50% of prior week range is reached. ...
GBPUSD Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Test of Y+1 led to breakout attempt above it. Selling stopped the run higher and Y+1 turned into resistance after. Closed the week above Y-0 and near week low.
Outlook
FBO against Y+1 points to Y-0 and Y-1 are in play as long as Y+1 / B-0 acting as resistance.
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