Trading Edges That Last
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Lawrence's Comment Recap Y-0 not acting as resistance, giving the pair a chance to bottom out at Y-1. Closed the week above midpoint and below Y-0. Outlook Clear rejection of Y-1 area ...READ MORELawrence's Comment Recap The week actions from the week prior to last week led to a gap down open for the week. That in turn helped Dow to form a better bottom ...READ MORELawrence's Comment Recap Dropped to Y-1 and found support. Stopped at resistance zone mentioned last week. Closed the week below Y0 and above midpoint. Outlook Tight range consolidation while trapped between Y-0 ...READ MOREWeekly Cycle Projection (DJIA) 2020-09-143DP Odds Table (DIA) 2017-06-06USDJPY Apr 02 to Apr 06 Outlook3DP Odds Table (DIA) 2021-02-03Dow 30 Apr 13 to Apr 17 OutlookAUDUSD Feb 15 to Feb 19 OutlookIntraday Cycle Projection (YM) 2017-03-093DP Odds Table (DJIA) 2022-07-27EURUSD Jul 19 to Jul 23 OutlookIntraday Cycle Projection (YM) 2012-10-16
As Featured In
Dow 30 Jul 04 to Jul 08 Outlook
Lawrence’s Comment
17000 round number / Y-2 zone proven deadly for the bears. Y-0 normal reversal target tagged quickly and caught many shorts by surprise. Open gap fill above sent Dow straight up. Closed the week near Y+1 and week high.
Outlook
The biggest 5 day run in the past 5 years, enough said. A pullback is likely and it can be as drastic as the rally this past week. No real support underneath until B-0 and below.
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