Trading Edges That Last
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Lawrence's Comment Recap Rallied continued to tag Y+2. Turned into spike high and breached Y+1 giving us more downside. Dropped down to below Y-0 and found support. Closed the week above Y+1 ...READ MORELawrence's Comment Recap Warned Y-0 is the line in the sand where European officials would defend. Happened like clockwork. Free ride up to almost Y+2. Closed the week above Y+1 and midpoint. Outlook Chart ...READ MOREIntraday Cycle Projection (DJIA) 2019-01-08Intraday Cycle Projection (YM) 2011-05-26USDJPY Dec 09 to Dec 13 OutlookDow 30 Mar 11 to Mar 15 OutlookWeekly Cycle Projection (DIA) 2015-09-08Intraday Cycle Projection (DIA) 2011-06-243DP Odds Table (DJIA) 2020-01-01Real-time Commentaries 2024-12-20Intraday Cycle Projection (YM) 2023-02-08EURUSD Feb 17 to Feb 21 Outlook
As Featured In
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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