Recap Consolidation week around Y+1. 50% previous week range. Closed the week near week low and below Y+1.
Outlook Consolidation ended in a weak tone points to potential flush down to B-2 / Y-0 area. Holding that will give this a platform to go higher to retest B+1.
Lawrence's Comment
Recap
NQ held previous week close and rallied off there right from the start of the week. As the strongest of the 3 indices, it tagged Y+2 by ...
Recap
Y-1 to Y-0 acted as resistance. Sold off to target Y-2.
Outlook
A flush low at B-2 early in the week points to consolidation for the rest of the week.
If ...
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 Nov 04 to Nov 08 Outlook
Lawrence’s Comment
Consolidation week around Y+1. 50% previous week range. Closed the week near week low and below Y+1.
Outlook
Consolidation ended in a weak tone points to potential flush down to B-2 / Y-0 area. Holding that will give this a platform to go higher to retest B+1.
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