Recap Lower timeframe bearishness took Ninja down from FBO at Y-0 down to 100% absolute range expansion. Closed the week below Y-1 and midpoint.
Outlook Now lower and higher timeframes are aligned. Lower timeframes completed its measured down move while higher timeframes’ support at Y-2 is right below. As long as Y-2 / B-1 acting as support, another swing bottom will be in place with 1st target above B+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
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
No pullback to support making this more difficult to go higher. Consolidation above Y+1 all week. Closed the week above midpoint and Y+1.
Outlook
Y+1 acted as support all week points ...
Special update on S&P 500. Custom market breadth in US stock markets has been compressed to the point that it is about to make a move. That points to ...
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
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
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 Oct 28 to Nov 01 Outlook
Lawrence’s Comment
Lower timeframe bearishness took Ninja down from FBO at Y-0 down to 100% absolute range expansion. Closed the week below Y-1 and midpoint.
Outlook
Now lower and higher timeframes are aligned. Lower timeframes completed its measured down move while higher timeframes’ support at Y-2 is right below. As long as Y-2 / B-1 acting as support, another swing bottom will be in place with 1st target above B+1.
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