Trading Edges That Last
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Lawrence's Comment Recap Option expiration week played out perfectly to mess with everyone who forgets about it since last month. Initial attempt to blast higher from Y+1 failed leading to first flush ...READ MORELawrence's Comment Recap NQ edged lower below Y-1 but never really stayed below the support level. Took it a week to breakout upside. Closed the week near week high and above Y-0. Outlook Whole ...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 MOREIntraday Cycle Projection (EURUSD) 2022-10-123DP Odds Table (EURUSD) 2017-02-23Precog Vision – Forex 2017-12-13Intraday Cycle Projection (EURUSD) 2012-12-07S&P 500 Apr 20 to Apr 24 OutlookNasdaq 100 Jul 29 to Aug 02 OutlookIntraday Cycle Projection (EURUSD) 2014-12-12EURUSD Jul 04 to Jul 08 OutlookIntraday Cycle Projection (EURUSD) 2018-05-14Precog Vision – Forex 2012-12-17
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EURUSD May 20 to May 24 Outlook
Lawrence’s Comment
Failed to clear resistance mentioned last week. Tagged Y-2 downside target by end of the week. No surprise and easy week. Closed the week near week low and Y-2.
Outlook
Slow structured drop is not the norm in currencies. And we got just that across many majors. It is not a good sign because it means chaos ahead.
Euro holding B-1 and clear B-0 quickly will give us a run back up to B+2.
Failing to clear B-0 will give us another leg down. B-2 is the next downside target.
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