Recap The drop early in the week was stronger than expected. It cleared Y-1 and has been pressured below Y-1 since. That gave us Y-3 breakout play. Closed the week at Y-3 and below midpoint.
Outlook Price reactions at Y-3 suggest a bottom is near.
Will be interested in long setup if we get to see B-0 cleared and acting as support. A run to B+3 is likely once the breakout to the upside is confirmed.
Lawrence's Comment
Recap
Easy play of the week. Stopped at resistance mentioned last week and flushed down to Y-2 1st target below. Closed the week below Y-1 and near midpoint.
Outlook
As long as ...
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
ES dropped in sync with Dow and NQ.
Outlook
See comments on Dow. Somehow in crisis / panic mode, the Dow chart is providing the cleanest swings out of ...
USDCAD Jul 29 to Aug 02 Outlook
Lawrence’s Comment
The drop early in the week was stronger than expected. It cleared Y-1 and has been pressured below Y-1 since. That gave us Y-3 breakout play. Closed the week at Y-3 and below midpoint.
Outlook
Price reactions at Y-3 suggest a bottom is near.
Will be interested in long setup if we get to see B-0 cleared and acting as support. A run to B+3 is likely once the breakout to the upside is confirmed.
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