Trading Edges That Last
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Lawrence's Comment Recap Just like Dow and NQ, ES tried hard to clear Y+1 and failed. Stalled back down to Y-0 and found support. 2nd try cleared Y+1 and got my upside ...READ MORELawrence's Comment Recap As expected Euro simply continue with its sell off down to Y-1 and then breaking it. Y-1 turned into resistance and sent Euro down to Y-3. 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 MORELawrence's Comment Recap No continuation selloff. Instead we got a consolidation week. ES moved around Y+1 with no directional push until end of the week after NFP report. Closed the week above ...READ MORELawrence's Comment Recap Y-1 support sent cable back up to Y-0. Y-0 resistance dropped cable down to 1.49 round number. 1-2-3 buy on 4 hour sent it back up to Y-1 and ...READ MORELawrence's Comment Recap Just like Dow, consolidation was expected and we got exactly that until Friday. On Friday, NQ gapped thru Y-0 and trapped longs turning into roadkills. Closed the ...READ MORELawrence's Comment Recap 8 to 10 points swings several times in RTH and in AH as expected. Taking out Y+1 but not quite Y+2 means a retest of Y+0 in ...READ MORENasdaq 100 Jun 12 to Jun 16 OutlookUSDJPY Mar 11 to Mar 15 OutlookEURUSD Sep 05 to Sep 09 OutlookS&P 500 Oct 19 to Oct 23 OutlookEURUSD Nov 09 to Nov 13 OutlookPrecog Vision – Forex 2019-4-29S&P 500 Jul 08 to Jul 12 OutlookGBPUSD Dec 07 to Dec 11 OutlookNasdaq 100 May 07 to May 11 OutlookS&P 500 Feb 21 to Feb 25 Outlook
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USDCAD May 07 to May 11 Outlook
Lawrence’s Comment
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. It is important that B-1 stays as support and not breached from here.
Quick zoom to B+2 will help secure the bottom and lift the support zone to B-0.
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