Trading Edges That Last
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Lawrence's Comment Recap After completing the 100 points dash to above 2100 (the actual bottom is not visible on the chart because it happened during overnight actions), unloading started and FBO against ...READ MORELawrence's Comment Recap Got the breakout to the upside early in the week and the spike low in the middle of the week never breached Y-0. The nice surprise is ...READ MORELawrence's Comment Recap The pullback I was looking for happened. Dropped all the way to B-1 as well. The news shock from Euro zone on Friday (Yes, Friday again!) forced ...READ MORELawrence's Comment Recap Travelled higher to Y+2. Found resistance and moved back down to Y+1. Closed the week above Y+1 and below midpoint. Outlook As mentioned last week, Euro somehow loves to rally into ...READ MORELawrence's Comment Recap As I pointed out last week, even though Dow is clearly in a pullback correction phase, it will not be an orderly environment. Well, it materialized last week. FOMC ...READ MORELawrence's Comment Recap Took a whole week of up drift to go back up to the top of the resistance zone mentioned last week. Tight range and no conviction. Closed the week ...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 MORES&P 500 Dec 07 to Dec 11 OutlookGBPUSD Nov 26 to Nov 30 OutlookHot n Cold (USDCAD) 2023-5-1Intraday Cycle Projection (USDCAD) 2021-07-26S&P 500 Aug 27 to Aug 31 OutlookHot n Cold (USDCAD) 2011-6-16EURUSD Dec 16 to Dec 20 OutlookDow 30 Mar 23 to Mar 27 OutlookEURUSD Nov 18 to Nov 22 OutlookPrecog Vision – Forex 2011-3-8
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USDCAD Apr 14 to Apr 18 Outlook
Lawrence’s Comment
As expected, more downside. Y-0 resistance sent this down to almost Y-3. Resistance trend line break gave us a bear flag / up channel back up above Y-1. Closed the week above Y-1 and midpoint.
Outlook
Potential long term bottom in the making. First, we need to see B-1 acting as support from retest though.
Short term resistance B+1.
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