Trading Edges That Last
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Lawrence's Comment Recap Selloff as expected. Tagged Y-1 target and 13000 round number level. But that was all the bears got. News shock sent Dow back up to the gap and ...READ MORELawrence's Comment Recap Out of a rare event, we get rare price actions. Out of last week's rare price actions and price patterns, however, the behaviour matches the small number of ...READ MOREEURUSD Jun 14 to Jun 18 OutlookPrecog Vision – Forex 2013-1-31Dow 30 Sep 03 to Sep 07 OutlookWeekly Cycle Projection (USDJPY) 2020-11-16USDJPY Jun 08 to Jun 12 OutlookDow 30 Mar 28 to Apr 01 Outlook3DP Odds Table (USDJPY) 2018-06-28Dow 30 Apr 11 to Apr 15 Outlook3DP Odds Table (USDJPY) 2012-09-11Dow 30 Dec 27 to Dec 31 Outlook
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USDJPY Jul 16 to Jul 20 Outlook
Lawrence’s Comment
Tried very hard to form a low above the support zone mentioned last week yet failed to do so. Landing at the target zone finally resulted in extreme upside reaction, yet sold off back down to the support zone again. Closed below Y-1 and near week low.
Outlook
Partly news driven, partly stop run on a very thin market. Resistance is now clearly defined at 80. Long term up trend can resume once 80 is taken out and turning into support.
A game of patience here. Ample time to wait for the confirmation before jumping in.
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