Tested resistance level (yellow zone) and then slide down to 50% of the week before. Congestion was expected due to huge directional swings over the past few weeks.
Next week outlook
50% of last week (yellow zone) should be challenged early in the week. If it turns into support, 50% of last month is the target (green zone). If yellow zone acts as resistance, the previous month close (below red zone) will be tested quickly.
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
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
Y+1 resistance sent Cable back down to Y-1 as expected. Closed the week below Y-0 and midpoint.
Outlook
Inside week weak close is bearish. Breakout mode with B-0 cleared ...
Lawrence's Comment
Recap
Similar to Dow and NQ, ES is trapped between Y+1 and Y-0. Gaps all over the place. Closed the week near Y-0 and below midpoint.
Outlook
Inside week with ...
EURUSD Week of Dec 13th to Dec 17th Outlook
Recap of last week
Tested resistance level (yellow zone) and then slide down to 50% of the week before. Congestion was expected due to huge directional swings over the past few weeks.
Next week outlook
50% of last week (yellow zone) should be challenged early in the week. If it turns into support, 50% of last month is the target (green zone). If yellow zone acts as resistance, the previous month close (below red zone) will be tested quickly.
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