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Lawrence's Comment Recap Volatility picked up as expected. Dropped to Y-3 and bounced. Zoomed back up to previous year close and have that taken care of. Closed the week near Y-1 and ...READ MOREMid day update of the channel play mentioned yesterday. Added the measured move target (cyan lines) to show how important the 2130 area is.READ MOREWeekly Cycle Projection (DJIA) 2014-03-31Dow 30 Sep 19 to Sep 23 Outlook3DP Odds Table (YM) 2022-07-18Real-time Commentaries 2014-3-25Nasdaq 100 Jan 12 to Jan 16 OutlookReal-time Commentaries 2011-8-233DP Odds Table (DIA) 2021-02-09Intraday Cycle Projection (DJIA) 2019-07-26S&P500 At Channel Resistance May 19, 2015Intraday Cycle Projection (YM) 2022-09-20
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Dow 30 May 14 to May 18 Outlook
Lawrence’s Comment
Comparing to S&P, Dow dropped more significantly and displayed weaker price action all week. Of course, we now know JPM was the reason.
Outlook
Similar to S&P, Dow has to find a bottom quickly next week.
Either rally right off the beginning of the week with B-0 turning into support, or finding a bottom quickly above B-2 is needed for any hope that Dow can rally back to B+1.
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