Trading Edges That Last
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Lawrence's Comment Recap Previous week close defended,move back up to the daily congestion upper boundary. Closed the week above Y+1 and near week high. Outlook 4 hour up trend established trying to ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREReal-time Commentaries 2021-1-13Real-time Commentaries 2015-1-28Intraday Cycle Projection (DIA) 2023-02-09Intraday Cycle Projection (DIA) 2020-12-30Real-time Commentaries 2013-9-6AUDUSD Apr 18 to Apr 22 OutlookIntraday Cycle Projection (DJIA) 2011-10-07Real-time Commentaries 2023-4-33DP Odds Table (YM) 2012-04-11Precog Vision – US Indices 2017-11-23
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Dow 30 Feb 29 to Mar 04 Outlook
Lawrence’s Comment
As expected the squeeze driven rally did not last. Sharp pullback below Y-0 to close the open gap below happened first. Since then renew buying took Dow to Y+2 and stalled. Closed the week above Y+1 and midpoint.
Outlook
Dow tagged the resistance zone and stalled since does not really tell us anything useful yet. If Dow fails to clear B+1 again, a sharp drop back down to below B-1 is likely.
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