Trading Edges That Last
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Lawrence's Comment Recap Got the breakout we asked for. Aussie dropped below Y-1 and tagged Y-3 quickly. But there was no test of Y-1 as resistance at all. The pair simply ...READ MORELawrence's Comment Recap 1-2-3 sell from Y+1 gave us Y-0. Y-0 support sent NQ back up to Y+1 and breakout to Y+2. Closed the week near Y+2 and week high. Outlook Uptrend ...READ MORELawrence's Comment Recap Pullback to Y-0. Perfect test of support then rally to Y+1 as expected. Cleared Y+1 easily. Breakout in place with Y+2 target taken out quickly. Drifted higher since. Closed ...READ MOREPrecog Vision – US Indices 2022-3-4AUDUSD Jul 18 to Jul 22 OutlookNasdaq 100 Aug 08 to Aug 12 OutlookIntraday Cycle Projection (DIA) 2015-07-10S&P 500 Nov 18 to Nov 22 OutlookIntraday Cycle Projection (DJIA) 2019-09-19Real-time Commentaries 2021-11-17Intraday Cycle Projection (YM) 2016-07-01Intraday Cycle Projection (YM) 2018-06-05Real-time Commentaries 2024-7-31
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Dow 30 Jul 18 to Jul 22 Outlook
Lawrence’s Comment
News shock. Forced the week to open from Y-1. That turned Y-0 into resistance and target of Y-2 was reached by the end of the week.
Outlook
The overall price action was not bearish at all. Given the context of the huge rally Dow got several weeks ago. It can simply be buying time here to resolve the slightly overbought condition.
Posing to go much higher once trading aboe B-0 and that it turns into support zone.
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