Trading Edges That Last
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Lawrence's Comment Recap Tight range. No news. No move. Closed the week at midpoint and Y-0. Outlook Breakout mode. Original trend entering the consolidation was up. So, upside breakout has a slight ...READ MORELawrence's Comment Recap Spike and ledge from the week before failed to produce a sell off last week. Y-1 acted as support most of the week producing strong bounces back up. Closed ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREHot n Cold (YM) 2016-2-12Hot n Cold (YM) 2011-10-7Intraday Cycle Projection (YM) 2022-03-16EURUSD Dec 31 to Jan 04 OutlookDow 30 Jan 13 to Jan 17 OutlookS&P 500 Apr 10 to Apr 14 OutlookS&P 500 May 22 to May 26 OutlookPrecog Vision – US Indices 2011-3-25Intraday Cycle Projection (YM) 2011-07-213DP Odds Table (YM) 2011-09-09
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Dow 30 Jun 08 to Jun 12 Outlook
Lawrence’s Comment
Complex swings in the beginning of the week where the bulls tried to defend the Y-0 / Y-1 zone to form a bottom. Took a FBO against Y-1 to kick start the push to Y+1. At 100% absolute range expansion Dow was stopped from going higher. Dow collapsed from there and tagged the Y-2 downside target eventually. Closed the week near Y-2 and week low.
Outlook
More downside is expected but it will not be a easy ride going lower as we have seen from the price actions last week. Y-1 / B-0 strong resistance until proven otherwise.
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