Trading Edges That Last
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After having too much fun at dinner parties and alcohol consumption, I am joining the crowded game of making predictions of the financial markets for the coming year 2016. Last ...READ MOREIntraday Cycle Projection (DIA) 2021-11-303DP Odds Table (DJIA) 2023-03-163DP Odds Table (YM) 2022-05-17Precog Vision – US Indices 2018-1-8Precog Vision – US Indices 2019-3-63DP Odds Table (DIA) 2016-12-23Intraday Cycle Projection (YM) 2020-05-22Hot n Cold (DJIA) 2023-5-1Real-time Commentaries 2024-7-32016 Predictions on Stock Markets, Currencies and Gold
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Dow 30 Feb 15 to Feb 19 Outlook
Lawrence’s Comment
Double top setup in place right from the start of the week. Test of Y-0 rejected giving us retest of Y-1 and gapped down to Y-2 and below. The defense of 1000 points round number down swing saved the week. Closed the week near Y-1 and above midpoint.
Outlook
Critcal juncture for which Dow is testing double top neckline from below. Not able to hold above B-0 will confirm weaknesses with retest of B-1 likely and below Y-3 also likely.
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