Trading Edges That Last
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Lawrence's Comment Recap Euro did not even reaction to the old time 1.08 level as the selling entered panic mode. 100% absolute range expansion was the only thing that provided the first ...READ MORELawrence's Comment Recap Attempts to breakout above Y+1 failed as Y+1 never turned into support. Consolidation in tight range all week. Closed the week near Y+1 and above midpoint. Outlook Y-0 support ...READ MORELawrence's Comment Recap Bulls were not even given a chance to fight back. The initial pop at the beginning of the week failed to clear Y-0. That gave us the Y-1 test. ...READ MORELawrence's Comment Recap Bounced to Y-0. Held above Y-1. And jumped back up to almost Y+1 by end of week as expected. Outlook A short term bottom is likely in place. ...READ MORELawrence's Comment Recap S&P followed Dow's lead broke out upside. Stopped going higher right below 100% absolute range expansion when Dow completed its run. Immediately collapsed back down to previous week close. ...READ MOREHot n Cold (USDCAD) 2019-3-1EURUSD Mar 16 to Mar 20 OutlookAUDUSD Feb 22 to Feb 26 OutlookEURUSD Mar 04 to Mar 08 OutlookIntraday Cycle Projection (USDCAD) 2014-12-05Intraday Cycle Projection (USDCAD) 2020-10-28S&P 500 Nov 16 to Nov 20 OutlookUSDCAD May 07 to May 11 OutlookWeekly Cycle Projection (USDCAD) 2020-10-19S&P 500 Nov 04 to Nov 08 Outlook
As Featured In
USDCAD Aug 20 to Aug 24 Outlook
Lawrence’s Comment
As expected Y-1 failed to hold as support and another new low was made last week. Closed the week below Y-1 and midpoint.
Outlook
Weaknesses persisted but range has tightened. Love to see a violent breakout to the upside to end this down channel drifting actions.
Until I have more evidence that a low is in place, expect the weaknesses to continue.
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