Recap A higher high and higher low on weekly finally formed.
Outlook As long as Y-1 acts as support, we have a confirmed long term bottom for the pair in place. Short term, however, clear 3 pushes up points to a pullback to Y-0 to Y+ 1 area is in play.
Lawrence's Comment
Recap
Similar to Dow and NQ, ES shot up whole week last week and recovered all the ground it lost over the past several weeks. Closed the week ...
Lawrence's Comment
Recap
Just like Dow, ES opened and flushed down to the void zone below 2050 first thing in the week. Down side target used up and the buying immediately lifted ...
Lawrence's Comment
Recap
Down trend broken quickly right before the holiday after Y-0 was taken out with ease. That staged a strong push towards Y+2. And fat chance for daytraders ...
Lawrence's Comment
Recap
NQ started out the week very strong tagging Y+2. It then failed to hold above Y+1 and slided all the way back down to Y-1 which I warned about. ...
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 Nov 28 to Dec 02 Outlook
Lawrence’s Comment
A higher high and higher low on weekly finally formed.
Outlook
As long as Y-1 acts as support, we have a confirmed long term bottom for the pair in place.
Short term, however, clear 3 pushes up points to a pullback to Y-0 to Y+ 1 area is in play.
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