Trading Edges That Last
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Lawrence's Comment Recap Congestion as expected in the beginning of the week. Then took off to target mentioned last wee, pause, and then finish the move by tagging Y+2. Closed at ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREHot n Cold (YM) 2011-6-7S&P 500 Aug 27 to Aug 31 OutlookHot n Cold (YM) 2012-11-20AUDUSD May 02 to May 06 OutlookIntraday Cycle Projection (YM) 2022-05-053DP Odds Table (DIA) 2016-10-273DP Odds Table (DIA) 2013-03-203DP Odds Table (DIA) 2016-08-16Precog Vision – US Indices 2011-7-1Precog Vision – US Indices 2013-1-10
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Dow 30 Apr 07 to Apr 11 Outlook
Lawrence’s Comment
Bear flag on daily successfully sent Dow up to year high and tagged the channel top. Since then Dow collapsed quickly with no pullback at all. Closed the week below Y+1 and midpoint.
Outlook
Potential weekly FBO year high, FBO previous month high and FBO previous week high. Big warning sign that Dow needs to find suckers to buy at the current price level.
Channel support right below B-1 / open gap zone. If Dow can hold the support, moving back up to Y+1 / B-0 likely.
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