Recap Cable reacted strongly to the resistance zone mentioned last week and dropped lower since. Closed the week below Y-0 and at week low.
Outlook Inside week down close. Bearish for a test of Y-1 / B-2. Longer term target is still the September low but that may take longer tiime to get there.
As the long term Tick16 index is staying in the bullish zone, and that the short term Tick16 has moved away from the long term index for some time already, ...
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
ES simply gapped through the Y+1 resistance mentioned last week. Signature PPT activities detected overnight there. The gap thru led to a strong squeeze up to the crime scene ...
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
GBPUSD Sep 29 to Oct 03 Outlook
Lawrence’s Comment
Cable reacted strongly to the resistance zone mentioned last week and dropped lower since. Closed the week below Y-0 and at week low.
Outlook
Inside week down close. Bearish for a test of Y-1 / B-2. Longer term target is still the September low but that may take longer tiime to get there.
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