Trading Edges That Last
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Lawrence's Comment Recap Rallied above Y+1 right after the holiday weekend. Gapped to Y+2 and force another pop higher to Y+3 before Dow stalled. That 2nd pop is in the backdrop of ...READ MORELawrence's Comment Recap ES was capped in the beginning of the week for 3 days even when Euro zone b.s. its way out. But Fed announcement changed everything. A hard ...READ MORELawrence's Comment Recap News shock created the double top and breached Y-0 support. The downside target of the double top tagged by end of the week. Closed the week below Y-1. ...READ MORE3DP Odds Table (USDCAD) 2015-07-10S&P 500 Apr 20 to Apr 24 OutlookIntraday Cycle Projection (USDCAD) 2018-03-08Precog Vision – Forex 2021-8-27Dow 30 Jan 28 to Feb 01 OutlookUSDJPY Feb 11 to Feb 15 OutlookS&P 500 Sep 17 to Sep 21 OutlookIntraday Cycle Projection (USDCAD) 2012-08-313DP Odds Table (USDCAD) 2017-09-21USDJPY Oct 24 to Oct 28 Outlook
As Featured In
USDCAD Jan 06 to Jan 10 Outlook
Lawrence’s Comment
Opened strong challenging Y+1 but failed to go higher. That opened the door to other extreme at Y-1. Dropped down to almost there at 100% absolute range expansion and found support again. Closed the week below Y-0 and midpoint.
Outlook
3rd week where midpoint stays at the same price level. Either Loonie has reached equilibrium here or it is a compression. For both cases we have to wait for a breakout at 4 hour or higher timeframe before we can jump in for a directional ride.
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