Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap ES dropped ti Y-0, found support, zoomed back up to test the pre-break down level and failed to clear Y+1. This gave us a go for Y-1. Got Y-1 ...READ MORELawrence's Comment Recap The spike high was made at Y+2 and Y+1 did not show any signs of support. That implies the other extreme is in play according to STOPD ...READ MORES&P 500 Jun 17 to Jun 21 OutlookS&P 500 Jan 19 to Jan 23 OutlookUSDCAD Feb 28 to Mar 04 Outlook3DP Odds Table (USDCAD) 2015-04-23Intraday Cycle Projection (USDCAD) 2013-11-13USDJPY Jul 20 to Jul 24 OutlookNasdaq 100 Feb 25 to Mar 01 Outlook3DP Odds Table (USDCAD) 2022-09-153DP Odds Table (USDCAD) 2015-01-07Intraday Cycle Projection (USDCAD) 2019-03-13
As Featured In
USDCAD Dec 05 to Dec 09 Outlook
Lawrence’s Comment
Intervention shock messed up the markets worldwide. Support at Y-1 failed to hold as everyone was trying to get out of the door at the same time. A bottom is found at Y-2 and the retest dropped lower to a prior support zone. Closed the week above Y-2.
Outlook
B-0 is in play.
Since we do not know if the central banks are going to do more tricky announcements this week, it will be difficult to tell the direction of Loonie as it is closely related to gold price.
Share