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Lawrence's Comment Recap Surprise upside breakout gave us Y+3 target. It was reached mid week and as more shorts are trapped, an all out squeeze sent NQ up to Y+5. Closed the ...READ MORELawrence's Comment Recap Heavy selling as expected from the resistance zone mentioned last week. Got first target at Y-2 mid-week. As weekly support zone was breached ES can no longer hold up. ...READ MORELawrence's Comment Recap Up trend line on 4 hour breached early in the week. This led to Y-1 and a test of the wide range bar below where the breakout started 2 ...READ MORENasdaq 100 Jul 20 to Jul 24 OutlookS&P 500 Aug 04 to Aug 08 OutlookHot n Cold (GBPUSD) 2022-12-23Hot n Cold (GBPUSD) 2011-5-17Intraday Cycle Projection (GBPUSD) 2018-04-02Nasdaq 100 May 30 to Jun 03 Outlook3DP Odds Table (GBPUSD) 2017-10-03AUDUSD Dec 26 to Dec 30 OutlookIntraday Cycle Projection (GBPUSD) 2023-02-17USDCAD Aug 03 to Aug 07 Outlook
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GBPUSD Sep 28 to Oct 02 Outlook
Lawrence’s Comment
News shock sent cable back down to Y-1 and 100% range expansion. Stops were triggered and led to further downside to Y-2 before support is found. Closed the week near Y-2 and week low.
Outlook
Wide range week reversal is bearish but we cannot rule out the potential of a strong bounce before further downside is developed. Y-1 / B-0 strong resistance. New low against B-1 likely.
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