Recap Out of the 100+ years of historical data I have, there were only a very small number of matching patterns for what has occurred last week in the Dow. Intraday price dynamics was the only reliable tools in handling the situation with lower risk comparing to swing trade.
Following is the daily composite average of Dow during election years since 1932. The chart shows the average values from the first trading day up to ...
Lawrence's Comment
Recap
Y-1 support clearly holding the pair up for the week. Consolidation around previous week close. Closed the week below Y-0 and midpoint.
Outlook
A irregular down channel in place ...
Tick16 setup screaming for another top in the making, yet the news shock last week defended the 1st strong swing low on daily from being challenged. Thus price pattern points ...
Lawrence's Comment
Recap
The breakdown in cable is not a surprise for chart traders given the way it was suppressed at Y-0 / 1.56 area. Breakout target of Y-3 was almost tagged ...
Dow 30 Mar 21 to Mar 25 Outlook
Lawrence’s Comment
Out of the 100+ years of historical data I have, there were only a very small number of matching patterns for what has occurred last week in the Dow. Intraday price dynamics was the only reliable tools in handling the situation with lower risk comparing to swing trade.
Outlook
See comment on S&P500.
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