Trading Edges That Last
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Lawrence's Comment Recap NQ found resistance at the open gap above and failed to test Y+1. That opened the door to Y-1 as it gapped down below Y-0. Y-1 was proven not ...READ MOREIntraday Cycle Projection (USDJPY) 2017-05-08Intraday Cycle Projection (USDJPY) 2016-11-153DP Odds Table (USDJPY) 2012-10-18Nasdaq 100 Dec 03 to Dec 07 OutlookHot n Cold (USDJPY) 2011-4-123DP Odds Table (USDJPY) 2011-10-17Intraday Cycle Projection (USDJPY) 2011-11-21Hot n Cold (USDJPY) 2012-10-24Nasdaq 100 Aug 04 to Aug 08 OutlookS&P 500 May 02 to May 06 Outlook
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USDJPY Mar 07 to Mar 11 Outlook
Lawrence’s Comment
First move taken out 82 early in the week, staged a strong comeback potential. After testing previous week low again, did a 1-2-3 buy and tagged target Y-0 mentioned last week. Surged to 2x the breakout range and closed the week at B-0.
Outlook
If B-0 is defended, retest of B+1 later in the week is likely. However, due to the close being neutral, next week could be range bounded within B-0 to B+1.
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