Trading Edges That Last
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Lawrence's Comment Recap Weaknesses continue as expected. First try testing Y-0 failed leading to new low for the week. The w. spring type action still fail to take the pair to ...READ MORELawrence's Comment Recap Y-0 failed to act as support when the pair staged a 1-2-3 sell to break below Y-0. The normal target of Y-1 was tagged mid week. Closed the ...READ MORELawrence's Comment Recap We got our downside move and we got way more than we asked for. Not just y-2 was tagged, Yen slided all the way to below Y-3 and ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORE3DP Odds Table (YM) 2019-04-01Hot n Cold (DJIA) 2011-12-30USDJPY May 02 to May 06 OutlookAUDUSD Jun 13 to Jun 17 OutlookS&P 500 Feb 18 to Feb 22 OutlookUSDJPY Jul 18 to Jul 22 Outlook3DP Odds Table (DJIA) 2015-07-013DP Odds Table (DIA) 2021-02-16Precog Vision – US Indices 2020-11-18Precog Vision – US Indices 2020-4-13
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Dow 30 Jul 14 to Jul 18 Outlook
Lawrence’s Comment
The bad news for bulls materialized last week. Dow tried hard to hold every intraday support zone yet breached them all when the news of another bank trouble had surfaced. Interestingly, Dow closed the open gap from the bad news and took off fiercely. Closed the week near Y-0 and above midpoint.
Outlook
Inside week with close near both midpoints is indecision. Volatility picked up also implies more wild swings are in the card.
3 open gaps are now created above the current price level. It is difficult not to get one or two of them challenged next week. If these gaps show strength as resistance, B-1 and B-2 will be the target for the next leg down.
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