Trading Edges That Last
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Lawrence's Comment Recap Retested Y+1 as expected. Then pullback to midpoint of the week. Closed the week above midpoint. Outlook Congestion between B-0 to Y+1, or, breakout to B+2 in play. A less ...READ MORELawrence's Comment Recap Congestion between Y-0 and Y+1 as expected. Outlook It is obvious that aussie is having difficulty in getting to Y+1. A turn down from B+1 implies a quick test ...READ MORELawrence's Comment Recap Got downside breakout which was the side with better odds. Tagged Y-2 target and consolidated since. Closed the week above Y-2 and below midpoint. Outlook Notice the way it drops is ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORELawrence's Comment Recap Test of B-1 as expected. That did not hold so we got Y-2 normal continuation target. Y-1 then turned into resistance and gave us another push lower. Closed the ...READ MORELawrence's Comment Recap Consolidation week moving around Y+1. Closed the week near Y+1 and midpoint. Outlook Y+1 acting as resistance if give us a test of Y-0 / B-2.READ MOREAUDUSD Jan 16 to Jan 20 OutlookIntraday Cycle Projection (NDX) 2015-02-133DP Odds Table (NQ) 2021-08-31Intraday Cycle Projection (NQ) 2016-03-07AUDUSD Apr 18 to Apr 22 OutlookUSDCAD Apr 01 to Apr 05 OutlookPrecog Vision – US Indices 2011-6-27USDJPY Jul 11 to Jul 15 OutlookDow 30 Jul 25 to Jul 29 OutlookIntraday Cycle Projection (NQ) 2020-05-19
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Nasdaq 100 Mar 21 to Mar 25 Outlook
Lawrence’s Comment
Gap zone tested and failed to fill the gap. Price breakdown to Y-2. Bounced back to Y-1. Then 100% absolute range expansion to the downside stopped the drop. All measured and working as prescribed in STOPD. Last part of the week spent drifting below B-0 midpoint of the week.
Outlook
A rally taking out B-0 quickly in the beginning of the week means B+1 is likely target.
A retest of B-1, however is the more likely scenario. Breaking B-1 points to B-2 as the next lower price level that has a 50/50 chance to stop this down leg.
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