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Lawrence's Comment Recap First thing first, ES slided down to my target Y-2. Support was found and ES started to drift higher. At 100% range expansion, ES could no longer sustain itself ...READ MORELawrence's Comment Recap Sold off on comments from Fed and then recovered back to crime scene. Gap up and took out Y+1. When stop run actions ended ES dropped back down to ...READ MORELawrence's Comment Recap Got the upside breakout we are looking for. Closed the week back down at midpoint above Y-0. Outlook Need Y-0 to act as support and rally above Y+1 again. ...READ MORELawrence's Comment Recap Just like the forex majors, Dow jumped higher right from the start and stayed there til Fed announcement. The odd thing though, is that the jump did not result ...READ MORELawrence's Comment Recap Minimal pullback to Y-0 and then ES simply took off. One of the strongest NFP week in recent months. Closed the week above Y+3 and near week high. Outlook Low volume ...READ MORELawrence's Comment Recap Y+1 acted as resistance on first test and sent cable down to support zone mentioned last week. Cable rallied straight up from support back up to Y+2 my upside ...READ MORES&P 500 Apr 14 to Apr 18 OutlookS&P 500 Jan 20 to Jan 24 OutlookIntraday Cycle Projection (USDJPY) 2014-01-203DP Odds Table (USDJPY) 2014-07-22USDJPY Jan 23 to Jan 27 OutlookDow 30 Sep 23 to Sep 27 OutlookS&P 500 Jun 19 to Jun 23 OutlookS&P 500 Jun 09 to Jun 13 OutlookGBPUSD Oct 19 to Oct 23 OutlookWeekly Cycle Projection (USDJPY) 2014-04-07
As Featured In
USDJPY Oct 17 to Oct 21 Outlook
Lawrence’s Comment
Initial selloff to the downside was rejected with all out short squeeze. Clear Y-0 support sending the pair to close near the high of the week.
Outlook
As stated last week, USDJPY is in the process of forming a longer term bottom. Not a good time to look for short from this level as any excuse can send this higher.
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