Recap Weekly buying showed up at Y-1. Y+1 tagged but the buying was not strong enough to keep ninja above that. Closed the week below Y+1 and above midpoint.
Outlook Outside week. Y-0 and midpoint near each other. Failed to close above Y+1 indicates there is not enough fuel to go either way. Retest of B-0 likely.
One more move breaking B-0 will easily lead to a test of B-1.
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
Lawrence's Comment
Recap
Bounced to Y-0. Held above Y-1. And jumped back up to almost Y+1 by end of week as expected.
Outlook
A short term bottom is likely in place. ...
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
Lawrence's Comment
Recap
Got the sell setup mentioned last week and NQ did a 200% range expansion of previous week range. Closed the week below Y-1 and midpoint.
Outlook
NQ long term sell setup ...
USDJPY Feb 24 to Feb 28 Outlook
Lawrence’s Comment
Weekly buying showed up at Y-1. Y+1 tagged but the buying was not strong enough to keep ninja above that. Closed the week below Y+1 and above midpoint.
Outlook
Outside week. Y-0 and midpoint near each other. Failed to close above Y+1 indicates there is not enough fuel to go either way. Retest of B-0 likely.
One more move breaking B-0 will easily lead to a test of B-1.
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