Trading Edges That Last
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Lawrence's Comment Recap As mentioned last week, looking for a rally to 1300 and we got that, plus a lot more. 1300 turned into support and helped to send ES ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORELawrence's Comment Recap Easy play of the week. The pair simply rejected resistance and dropped to target. Closed the week below Y-1 and midpoint. Outlook Pullback in progress. Strong support between B-1 ...READ MOREOverview Emini overnight range 2071.25 up to 2080.00 (at 9:00 am) Overnight Midpoint 2075.50 Previous Week High 2066.50 Emini S&P is now trading at the bottom part of its range with ...READ MOREReal-time Commentaries 2023-5-25Intraday Cycle Projection (DJIA) 2017-02-283DP Odds Table (DJIA) 2014-09-03S&P 500 Jul 04 to Jul 08 OutlookWeekly Cycle Projection (DIA) 2012-02-063DP Odds Table (DIA) 2020-12-17S&P 500 Mar 05 to Mar 09 OutlookPrecog Vision – US Indices 2023-4-26USDCAD Aug 18 to Aug 22 OutlookEmini S&P Battleplan Apr 15, 2016
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Dow 30 Mar 12 to Mar 16 Outlook
Lawrence’s Comment
Beginning of the week a quick drop to Y-1 was rejected sending Dow back to Y-0. Then gap down to Y-2 right after the test yet failed to expand to Y-3. Switching of contract (from March to June) in the middle of the week distorted the chart from Thursday onward as the rally in the original contract has pushed it back up to almost B+1 by Friday. Closed the week at B-0 based on June and Y-0 based on March.
Outlook
Normally with successful break to Y-2 and below points to topping at or slightly above Y-1 for continuation sell. Shorts was caught by surprise due to same European b.s. that euro dollar did not over react but somehow US equities did.
As long as B+1 to Y+1 zone acts as resistance for the June contract a top is in place on weekly.
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