Trading Edges That Last
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Lawrence's Comment Recap S&P gapped down right from the start of the week as if it was going to break below Y-1. Yet it gapped up right after and tagged Y+1 the ...READ MORELawrence's Comment Recap Bear flag breakout like Dow. ES rallied higher to fill the open gap above and then stalled. Closed the week at Y-2 and above midpoint. Outlook As long as B+1 acting ...READ MOREPrecog Vision – US Indices 2016-12-23DP Odds Table (DJIA) 2017-02-09Intraday Cycle Projection (YM) 2015-12-11Hot n Cold (YM) 2011-6-283DP Odds Table (DJIA) 2013-12-313DP Odds Table (YM) 2013-10-283DP Odds Table (YM) 2013-09-24S&P 500 Feb 11 to Feb 15 Outlook3DP Odds Table (YM) 2013-05-07S&P 500 Sep 16 to Sep 20 Outlook
As Featured In
Dow 30 Jul 20 to Jul 24 Outlook
Lawrence’s Comment
Violent reaction to Greece situation kickstarted the week. Strong gap breakout to the upside points to Y+3 in play. We got Y+3 and Dow was stuck since. Closed the week above Y+2 and B-0.
Outlook
Upside triangle with upside breakout from the week before the prior one is a dirty bottom. This implies the strength we see so far is not natural. A test of Y+1 is necessary in coming weeks.
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