Lawrence's Comment
Recap
The likely (normal) scenario did not happen and Y-0 was taken out by a gap. Mid gap acted as support and rallied to upside target of Y+1 and ...
Lawrence's Comment
Recap
Previous week close / Y+1 resistance sent NQ back down to Y-0. Y-0 support got NQ back up to fill the gap above. 4300 round number resistance sent NQ ...
Recap of last week Previous week low tagged first as expected. Then previous month close acted as resistance, and run down to the target of previous month low - ...
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
USDCAD May 14 to May 18 Outlook
Lawrence’s Comment
Quick zoom to B+2 as expected. Closed the week near midpoint.
Outlook
Short term bottom likely in place.
If B-1 failed to act as support, a flush back down to Y-0 / B-2 is possible.
Focus on long side potential from here til 1.08 is tagged.
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