Recap As expected ninja cannot move out of the 2 extremes defined from prior weeks. Dipped below Y-1 and bounded back up to above Y-0. Closed the week above midpoint and Y-0.
Outlook Strong resistance directly above. If ninja can clear B+1 and Y+1 in 1 go, upside target of B+3 next.
Lawrence's Comment
Recap
Y+1 acted as resistance sending Dow back down to the open gap below. Once tagged, Dow bounced back quickly and held the 18000 round number. News shock sent Dow ...
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
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 ...
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
ES gapped back above Y-0 and immediately met with strong resistance. ES gapped back down below Y-0 and could not clear it since. That opened the door to Y-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
USDJPY May 06 to May 10 Outlook
Lawrence’s Comment
As expected ninja cannot move out of the 2 extremes defined from prior weeks. Dipped below Y-1 and bounded back up to above Y-0. Closed the week above midpoint and Y-0.
Outlook
Strong resistance directly above. If ninja can clear B+1 and Y+1 in 1 go, upside target of B+3 next.
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