Trading Edges That Last
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Recap of last week Tried twice to stage a reversal, the second one is not completed yet. The range of 81.30 – 81.50 is the 50% downside expansion from ...READ MORELawrence's Comment Recap Gap down to near Y-2 invalidated the original conjecture of potential upside breakout. Yet NQ zoomed back up and cleared Y+1 quickly. Since then NQ consolidated around Y+1 with ...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 Tight range consolidation although it did not feel like it for many. Dow found support early in the week and moved back to previous week close and stuck there ...READ MORELawrence's Comment Recap Gap down and consolidated around B-0. Then zoomed higher as expected. Another easy play last week. Closed the week above Y+2. Outlook The target of Y+3 should be reached ...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 MOREUSDJPY Week of Nov 8 – 12 OutlookNasdaq 100 Oct 07 to Oct 11 OutlookIntraday Cycle Projection (USDCAD) 2014-02-04Precog Vision – Forex 2023-5-2Intraday Cycle Projection (USDCAD) 2016-03-09Precog Vision – Forex 2022-6-28Dow 30 Feb 16 to Feb 20 OutlookUSDCAD Jun 04 to Jun 08 OutlookPrecog Vision – Forex 2017-5-9Nasdaq 100 Mar 13 to Mar 17 Outlook
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USDCAD Apr 07 to Apr 11 Outlook
Lawrence’s Comment
Consolidation at 50% previous week range as expected. Closed the week below Y-1 and midpoint.
Outlook
The end of week breakdown is normal for consolidation at Y-1. It is not a good predictor of direction. A quick reversal from a mild breach of B-1 back up to above B-0 will trigger a run to Y-0 / B+2.
As long as that has not happened yet, more down side to B-2 is likely.
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