Lawrence's Comment
Recap
ES continues to march higher with no significant pullback. Yet, it did not quite make it to the IHS target of 1570 mentioned last week. Option expiration together with ...
Lawrence's Comment
Recap
No bounce from Y-1. Re-entered the down channel and collapsed to Y-5 before the pair can find any support at all.
Outlook
Down channel re-enforced itself on the pair again ...
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 Oct 14 to Oct 18 Outlook
Lawrence’s Comment
Y-1 never touched resulting in a 1-2-3 buy on 4 hour to go higher. Y+2 tagged before rsistance is found. Closed the week below midpoint and Y+1.
Outlook
Potential weekly FBO. Need Monday to confirm with a close below Y+1 on daily basis. If that happens, a selloff back down to Y-1 is expected.
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