Lawrence's Comment
Recap
What resistance? NQ simply popped higher right from the start of the week and stayed above previous week close. Once Dow and S&P are ready, all 3 indices jumped ...
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
The chance to even test Y-1 was not there. NQ simply rejected Y-1 and zoomed back above Y-0. That paved way to Y+1 within the week. Continued to struggle ...
Lawrence's Comment
Recap
4 Hour down channel break. Weekly bull flag breakout. Tagged and cleared weekly resistance. Closed the week above Y+2 and near week high.
Outlook
The breakout momentum points to ...
AUDUSD Jul 04 to Jul 08 Outlook
Lawrence’s Comment
Y-1 test led to up drift for Y-0 all week. Closed the week near Y-0 and week high.
Outlook
Rising wedge breakdown points to test of B-1 / Y-1. Not supportive of gold rally. Further consolidation likely.
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