Trading Edges That Last
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Lawrence's Comment Recap Unlike Dow or S&P, NQ was forced to breakout upside when both Dow and S&P both moving up strongly. It has been a long while since last ...READ MORELawrence's Comment Recap What I wrote last week, "Expect wild sideway swings with bearish bias towards tagging B-2". No significant selloff like Dow or ES, just downward push towards B-2. ...READ MORELawrence's Comment Recap As expected, once a clean breakout is in place, we get full range expansion in 1 go. The first push towards Y+1 failed to clear the tight ...READ MOREContentReviewEuro Consolidation Can Last For MonthsS&P Two Opposite Scenarios EmergedGold Not Ready for Next Move YetBig Picture SummaryReviewEuro weaken as expected.S&P multiple week pullback in progress as expected.Gold pullback as ...READ MORE3DP Odds Table (GBPUSD) 2021-01-25GBPUSD Dec 19 to Dec 23 OutlookPrecog Vision – Forex 2017-2-21Precog Vision – Forex 2011-4-22Nasdaq 100 Jul 23 to Jul 27 Outlook3DP Odds Table (GBPUSD) 2013-02-15Nasdaq 100 Oct 29 to Nov 02 OutlookEURUSD Jan 07 to Jan 11 OutlookMBO Issue 106 (Oct 2020) A New WayNasdaq 100 May 06 to May 10 Outlook
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GBPUSD Sep 16 to Sep 20 Outlook
Lawrence’s Comment
As expected, a strong swing emerged after all those spikey moves. Clearing Y+2 as mentioned last week is not something to counter. Closed the week near week high and above Y+3.
Outlook
Very interested in the price reaction in Y+4 to 1.60 area. The strong move higher was the consequence of a big fight down there below Y+1 where the bears lost. That was back then. Now Cable has put in so many pockets and voids below, it will have a very hard time going much higher.
Consolidation around B+1 with down side bias later in the week to retest B-0 / Y+2.
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