Recap Consolidation around previous week close / Y+1 as expected. 50% range. Closed the week above Y+1 and midpoint.
Outlook Consolidation around Y+1 is bullish. Up channel like behaviour at multiple year high implies bulls are in control. Until the up trend line support from the past several weeks is broken, the up drift can continue until more stops above are discovered.
Lawrence's Comment
Recap
ES behaves more like NQ like week than Dow. Early in the week ES found support at 2000 round number zone and cleared Y-0 on 2nd try. Y-0 support ...
Lawrence's Comment
Recap
Y+1 did not act as resistance at all making the bearish scenario impossible. Continuation points to Y+2. Once it was tagged price no longer stable. Sharp pullback to Y+1 ...
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
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
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
NQ dropped initially as expected but it failed to tag Y-2 and a forced FBO led to a quick run above Y+1. Yet, NQ could not stay above Y+1 ...
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
USDCAD Jul 27 to Jul 31 Outlook
Lawrence’s Comment
Consolidation around previous week close / Y+1 as expected. 50% range. Closed the week above Y+1 and midpoint.
Outlook
Consolidation around Y+1 is bullish. Up channel like behaviour at multiple year high implies bulls are in control. Until the up trend line support from the past several weeks is broken, the up drift can continue until more stops above are discovered.
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