Trading Edges That Last
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Lawrence's Comment Recap The expected bearish scenario unfolded. Dow failed to hold Y-1 and then dropped in a waterfall pattern clearing Y-2 and Y-3 in 1 go. The drop unleashed some panic ...READ MOREIntraday Cycle Projection (DJIA) 2018-10-243DP Odds Table (DJIA) 2015-09-03Intraday Cycle Projection (YM) 2021-07-093DP Odds Table (DJIA) 2014-02-26Intraday Cycle Projection (YM) 2012-05-153DP Odds Table (DJIA) 2020-05-06Market Internals 2011-04-063DP Odds Table (DIA) 2015-06-04Dow 30 Oct 20 to Oct 24 OutlookReal-time Commentaries 2017-7-6
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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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