Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Election week started with Y-1 holding up fine, which opened the door to Y-0 and the election results propelled cable back up to Y+1. Closed the week above Y-0 ...READ MORELawrence's Comment Recap Mentioned last week ES would be influenced by NQ and it happened. ES was weak and failed to hold Y-0 yet strength in NQ carried ES higher and forced ...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 FBO against Y-1 gave us Y-0 test. Y-0 could not stop cable from going higher and turned into stop run. Cable essentially moved back to the crime scene where ...READ MORELawrence's Comment Recap Weaken early in the week but Y-1 was never tested. Consolidated below Y-0 during the quiet holidays. Then a low volume short squeeze / stop run took Loonie conveniently ...READ MORELawrence's Comment Recap How wrong was I on NQ. Instead of a clean FBO Monday, NQ rejected the setup by not breaking the Monday low and instead gap and breakout upside. Tagged ...READ MOREIntraday Cycle Projection (USDCAD) 2021-10-01USDJPY Aug 07 to Aug 11 OutlookPrecog Vision – Forex 2021-12-6Nasdaq 100 Dec 04 to Dec 08 OutlookGBPUSD May 11 to May 15 OutlookS&P 500 Aug 05 to Aug 09 OutlookPrecog Vision – Forex 2019-8-8GBPUSD Mar 31 to Apr 04 OutlookUSDCAD Dec 30 to Jan 03 OutlookNasdaq 100 Aug 05 to Aug 09 Outlook
As Featured In
USDCAD May 11 to May 15 Outlook
Lawrence’s Comment
Y-0 did not act as support at all on first test. This opened the door to Y-1 and the test of Y-1 led to a strong bounce. Closed the week near Y-0 and midpoint.
Outlook
Closing near midpoints means indecision. Y-1 / B-1 confirmed strong support, until proven otherwise, as long as B-0 down to B-1 acting as support, a test of B+1 and B+2 will be in play.
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