Trading Edges That Last
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Lawrence's Comment Recap As expected, not much movement for this pair due the rally made the week before this past week takes some time for the players to digest. The ...READ MORELawrence's Comment Recap Unlike euro that has ECB defending the price level in the beginning of the week, cable was falling normally as expected back down to Y-1. Then the ...READ MORELawrence's Comment Recap Most messed up index among the big 3. Held a higher low right from the start of the week and zoomed higher. Then news shock help ES ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREUSDJPY Feb 21 to Feb 25 Outlook3DP Odds Table (DJIA) 2013-07-26Weekly Cycle Projection (DJIA) 2020-01-20GBPUSD Feb 27 to Mar 02 OutlookS&P 500 Oct 22 to Oct 26 OutlookIntraday Cycle Projection (DJIA) 2015-12-033DP Odds Table (YM) 2021-01-11Precog Vision – US Indices 2016-5-19USDJPY Oct 30 to Nov 03 OutlookHot n Cold (YM) 2015-5-15
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Dow 30 Mar 09 to Mar 13 Outlook
Lawrence’s Comment
Y+1 tested and rejected. Back down to Y-0 and then collapsed to Y-1. Y-0 turned into strong resistance and sent Dow all the way down to Y-3 which is the tight range breakout target. Closed the week below Y-3 and near week low.
Outlook
Consolidation after wide range week is normal. But this consolidation week can be quite wild as price pockets are everywhere around this current level. Will not be surprised that Dow moving all the way back up to 18000 if Y-4 holds up well.
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