Trading Edges That Last
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Lawrence's Comment Recap Dow in consolidation mode until trouble in Asia spreaded. Sell shock produced a 100% expansion off the tight range and Y-2 was tagged. Closed the week near Y-2 and ...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 MOREPrecog Vision – Forex 2016-8-2Precog Vision – Forex 2012-12-31Dow 30 Dec 14 to Dec 18 OutlookS&P 500 Apr 08 to Apr 12 OutlookNasdaq 100 Nov 19 to Nov 23 OutlookPrecog Vision – Forex 2020-12-7GBPUSD Nov 07 to Nov 11 OutlookPrecog Vision – Forex 2016-7-273DP Odds Table (GBPUSD) 2011-10-20GBPUSD Oct 21 to Oct 25 Outlook
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GBPUSD Sep 15 to Sep 19 Outlook
Lawrence’s Comment
Cable gapped down and tagged Y-2 first. The stage was set for an up drift back to Y-1. Consolidation week around open instead of previous week close. Closed the week below Y-1 and near week high.
Outlook
All week bear flag. A short squeeze will take cable higher to B+2 but it will likely be capped there. A break of its bear flag support points to at least a retest of B-1.
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