Trading Edges That Last
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Lawrence's Comment Recap Hold support and took off. Easy as pie. Blasted through Y+1 and closed the week at Y+1. Outlook Long term bottom likely in place (at least in the making). ...READ MOREHot n Cold (DIA) 2021-3-12Intraday Cycle Projection (DIA) 2021-06-30Dow 30 Jul 12 to Jul 16 OutlookS&P 500 Sep 23 to Sep 27 Outlook3DP Odds Table (DJIA) 2018-09-26Precog Vision – US Indices 2020-6-4Intraday Cycle Projection (DJIA) 2017-02-173DP Odds Table (DJIA) 2019-01-18AUDUSD Jun 11 to Jun 15 OutlookS&P 500 Dec 19 to Dec 23 Outlook
As Featured In
Dow 30 Jun 08 to Jun 12 Outlook
Lawrence’s Comment
Complex swings in the beginning of the week where the bulls tried to defend the Y-0 / Y-1 zone to form a bottom. Took a FBO against Y-1 to kick start the push to Y+1. At 100% absolute range expansion Dow was stopped from going higher. Dow collapsed from there and tagged the Y-2 downside target eventually. Closed the week near Y-2 and week low.
Outlook
More downside is expected but it will not be a easy ride going lower as we have seen from the price actions last week. Y-1 / B-0 strong resistance until proven otherwise.
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