Trading Edges That Last
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Lawrence's Comment Recap Tight range breakout to the upside. Tagged breakout target of Y+3. Closed the week near Y+3 and week high. Outlook Consolidation around B+1 likely until NFP Friday.READ MOREPrecog Vision – US Indices 2019-11-1Intraday Cycle Projection (DIA) 2023-05-02Intraday Cycle Projection (DJIA) 2012-05-11Precog Vision – US Indices 2012-11-27Weekly Cycle Projection (YM) 2011-07-18Precog Vision – US Indices 2018-9-27Dow 30 Jan 30 to Feb 03 OutlookIntraday Cycle Projection (YM) 2020-03-19Dow 30 May 09 to May 13 OutlookNasdaq 100 May 30 to Jun 03 Outlook
As Featured In
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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