Trading Edges That Last
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Lawrence's Comment Recap The bearish expectation played out last week. Dow could not clear Y+1 leading to a drop back down to the pre FOMC announcement level. Y-1 support led to a ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREDow 30 Jun 30 to Jul 04 Outlook3DP Odds Table (DJIA) 2018-03-21S&P 500 Jan 27 to Jan 31 OutlookReal-time Commentaries 2018-10-19S&P 500 Dec 03 to Dec 07 Outlook3DP Odds Table (DIA) 2016-03-223DP Odds Table (YM) 2022-04-26USDCAD Aug 01 to Aug 05 OutlookHot n Cold (DIA) 2011-4-13Precog Vision – US Indices 2018-8-30
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Dow 30 Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Strong gap up right from the beginning of the year and stuck in a tight range since. Closed the week at midpoint. The weekly price level on last week in the chart is incorrect.
Outlook
A breakout formation is in place. Breaking below the low of the week points to retesting Y-1 as the first target.
Limited upside potential unless a sudden intervention on euro. If that happens B+2 is the next upside target.
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