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Lawrence's Comment Recap Gapped lower to start the week yet rumors and b.s. from European officials helped Euro to drift higher towards Y-0. Closed the week below Y-0 and above midpoint. ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREThe 3-Day Advance Issues and Tick16 both issued long term sell signals last week. Last year, it took a month of gyration of drifting up til February before I got ...READ MOREEURUSD Jul 04 to Jul 08 OutlookIntraday Cycle Projection (YM) 2020-02-21Precog Vision – US Indices 2016-9-15Intraday Cycle Projection (DIA) 2014-12-03Intraday Cycle Projection (DIA) 2017-11-163DP Odds Table (YM) 2019-07-25Hot n Cold (YM) 2012-7-17Market Internals 2012-01-293DP Odds Table (DIA) 2015-01-143DP Odds Table (YM) 2017-06-09
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Dow 30 Sep 14 to Sep 18 Outlook
Lawrence’s Comment
The 2-way swings expectation played out nicely. Dow did its usual gap above Y-0 trick which forced a squeeze to test Y+1. FBO against Y+1 gave us a drop back down to Y-0 and an attempt to fill the gap below. Closed the week near Y-0 and below midpoint.
Outlook
All eyes on FOMC meeting next week. The direction for which Dow gets out of the decision will tell us which way it is heading in coming 2 to 6 months. Many size players will choose to stay on the sideline until this week is over hence congestion / tight range until end of week likely.
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