Trading Edges That Last
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Lawrence's Comment Recap Bear flag on daily successfully sent Dow up to year high and tagged the channel top. Since then Dow collapsed quickly with no pullback at all. 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 MOREPrecog Vision – Forex 2011-3-24Precog Vision – Forex 2011-10-33DP Odds Table (USDJPY) 2013-07-09Dow 30 May 04 to May 08 OutlookPrecog Vision – Forex 2017-11-15S&P 500 Dec 26 to Dec 30 OutlookDow 30 Apr 07 to Apr 11 OutlookUSDCAD Mar 21 to Mar 25 OutlookPrecog Vision – Forex 2022-8-18AUDUSD Dec 31 to Jan 04 Outlook
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USDJPY Dec 17 to Dec 21 Outlook
Lawrence’s Comment
Upside breakout. Just like any normal breakout, it got the normal target of Y+3 and pullback since. Closed the week near Y+2 and above midpoint.
Outlook
Election result is in and that the newly elected party has a mandate to print a lot more money (what an irony that the party is a conservative one). In short term it will further weaken yen and probably sending it to long term target 86-88 zone.
So, looking for long only until a weekly reversal happens.
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