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Lawrence's Comment Recap Similar to Dow with even weaker price action, ES failed to tag Y-0 and flushed down to clear Y-2. Bounced after 100% absolute range expansion was reached. Gapped above ...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 MORELawrence's Comment Recap First half of the week showing signs of reduced range and consolidation behaviour. Then the spike up to challenge Y-0 failed, led to all out melt down. NQ could ...READ MORELawrence's Comment Recap Gap down to Y-1 giving us the perfect setup to produce the strong daily bottom mentioned last week. Clean reversal with breakout of Y+1 gave us Y+3 easily. Closed ...READ MOREHot n Cold (GBPUSD) 2011-5-27S&P 500 Jun 10 to Jun 14 Outlook3DP Odds Table (GBPUSD) 2012-02-23Precog Vision – Forex 2019-5-23USDJPY Feb 13 to Feb 17 OutlookIntraday Cycle Projection (GBPUSD) 2023-04-25Precog Vision – Forex 2022-5-23Intraday Cycle Projection (GBPUSD) 2022-03-15Nasdaq 100 Apr 14 to Apr 18 OutlookUSDJPY Apr 25 to Apr 29 Outlook
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Lawrence’s Comment
A short squeeze from the bear flag as expected. Cable rushed to Y+3 before it stopped. Such move has no staying power and led to quick drop back down to Y+1. Closed the week near Y+1 and below midpoint.
Outlook
Short squeeze done. Weak shorts transferred their positions to the strong ones. Y+2 / B-0 resistance for a drop back down to Y-1 and below.
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