Trading Edges That Last
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Lawrence's Comment Recap Rejected upper end of the 3 week range gave us a run back down to the bottom of the range. Not a difficult play at all. Y-2 was tagged ...READ MORELawrence's Comment Recap NQ gapped higher above Y+1 hence started a light volume short squeeze. 50% range acted as resistance and a quick pullback to week mid before closing higher. Closed the ...READ MOREFor 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 scheduleREAD MOREFor 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 scheduleREAD MORELawrence's Comment Recap Euro zoomed back up to Y-0 as expected and stalled from there as the strong downside momentum is still in force. Reaching only 50% of the absolute range ...READ MORENasdaq 100 May 03 to May 07 OutlookPrecog Vision – Forex 2012-4-2Intraday Cycle Projection (USDJPY) 2021-08-25Precog Vision – Forex 2023-2-203DP Odds Table (USDJPY) 2018-08-16GBPUSD Mar 17 to Mar 21 OutlookNasdaq 100 Jun 02 to Jun 06 OutlookPrecog Vision – Forex 2018-7-6Precog Vision – Forex 2015-11-17EURUSD Dec 26 to Dec 30 Outlook
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USDJPY Nov 03 to Nov 07 Outlook
Lawrence’s Comment
How does a central bank influence the markets? Well, choose a side and punish the other one like what happened last week. Ninja held Y-0 all the way with upside breakout followed. Of course, it turned out that someone knew about the BOJ plan and it showed in the chart. BOJ shock and awe took ninja up to Y+5. Closed the week above Y+4 and near week high.
Outlook
It will take a few days to tell if the market has absorbed the impact yet. For now, above B+1 likely due to the momentum. Even a consolidation week is in play it will be wide range around B+1.
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