Trading Edges That Last
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Recap of last week Flushed down as expected, tagged the previous month 2x downside target (good!) but not tagging the 50% weekly expansion target to the downside and reversed ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREReal-time Commentaries 2024-4-5GBPUSD Nov 30 to Dec 04 OutlookIntraday Cycle Projection (DJIA) 2013-07-10Intraday Cycle Projection (DJIA) 2022-10-06EURAUD Week of Nov 15th to 19th OutlookPrecog Vision – US Indices 2021-5-18Precog Vision – US Indices 2016-4-28Real-time Commentaries 2014-7-223DP Odds Table (DJIA) 2014-06-163DP Odds Table (DIA) 2011-10-24
As Featured In
Dow 30 Nov 23 to Nov 27 Outlook
Lawrence’s Comment
Overnight pre-open, the downside target was tagged by the index futures, since then Dow never looked back. Trend buy all the way bac up to where the sell off started and stalled from there. Closed the week near Y+1 and above midpoint.
Outlook
Extreme buying from the combination of several factors has given Dow the necessary momentum to go higher, but it has to deal with the short term over extended condition. A sharp pullback is likely. A drop back down to B-0 is possible.
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