Recap FBO Y+1 is ledge breakout failure. That gave us Y+1 and a slide back down to where the last up leg started. Closed the week below Y-1 and midpoint.
Outlook Strong setup of daily reversal is in place. B-0 / Y-1 resistance for more downside below 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
Lawrence's Comment
Recap
As expected, Dow failed to porduce any rally off Y+1 and crashed back down below Y-0 area. As last week was option expiration, Dow did not tag Y-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
Lawrence's Comment
Recap
Monthly level weaknesses continues. Attempt to clear Y-0 failed leading to selloff down to Y-3 normal target. Closed the week near Y-3 and week low.
Outlook
Short term support ...
EURUSD Apr 18 to Apr 22 Outlook
Lawrence’s Comment
FBO Y+1 is ledge breakout failure. That gave us Y+1 and a slide back down to where the last up leg started. Closed the week below Y-1 and midpoint.
Outlook
Strong setup of daily reversal is in place. B-0 / Y-1 resistance for more downside below B-1.
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