Trading Edges That Last
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Lawrence's Comment Recap Strongest among the major indices but bear flag / up channel rally does not last. Breaking down from the channel sent NQ back down to Y-0 quickly. Closed the ...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 MORELawrence's Comment Recap Dow updrift / seasonal took it to upside target of Y+2. Stalled since. Closed the week above Y+1 and midpoint. Outlook Seasonal strength ended last week. Low volume environment can work ...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 MORELawrence's Comment Recap Wild consolidation indeed. Aussie spiked up and down around Y+1 as expected and ended the week lower above Y-0 and near week low. Outlook Price above Y+1 is now decisively rejected. ...READ MORELawrence's Comment Recap 3 pushes up into Y+2 resistance, signalled clean drop to Y-1. Got the drop and found support. ES bounced back up after news about Ukraine was fed out at ...READ MORENasdaq 100 Mar 28 to Apr 01 OutlookPrecog Vision – Forex 2017-1-63DP Odds Table (GBPUSD) 2015-05-25Dow 30 Dec 30 to Jan 03 OutlookPrecog Vision – Forex 2023-2-8GBPUSD Sep 19 to Sep 23 OutlookDow 30 Aug 10 to Aug 14 OutlookAUDUSD Oct 28 to Nov 01 OutlookUSDJPY Jan 31 to Feb 04 OutlookS&P 500 Sep 08 to Sep 12 Outlook
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GBPUSD Oct 03 to Oct 07 Outlook
Lawrence’s Comment
Bounced back upto the pre-breakdown level as expected. But that was all it could do and stalled back down to Y-0 and consolidated since. Closed the week above Y-0 and midpoint.
Outlook
2 weeks in a row closing close to the same midpoint points to indecision. Inside week formation is telling the same. Cable is now officially in breakout mode and we should wait for the breakout first before jumping on board.
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