Recap Sideway quite start for the week. Looking for a stronger pullback and we got that after New Year. Selloff ended at 100% absolute range expansion. Closed the week above Y-0 and midpoint.
Outlook As long as Y+1 to B-0 acting as resistance, more downside is expected. B-2 is the first target for next leg lower.
Lawrence's Comment
Recap
Consolidated around Y+1. Less than 50% range of week prior to last. Closed the week below Y+1 and midpoint.
Outlook
ES is weaker than NQ. It is structurally much weaker ...
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
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
USDJPY Jan 06 to Jan 10 Outlook
Lawrence’s Comment
Sideway quite start for the week. Looking for a stronger pullback and we got that after New Year. Selloff ended at 100% absolute range expansion. Closed the week above Y-0 and midpoint.
Outlook
As long as Y+1 to B-0 acting as resistance, more downside is expected. B-2 is the first target for next leg lower.
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