Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap The critical support level failed and slided towards my target. Picture perfect FBO on weekly and monthly level. Closed the week below Y-2. Outlook If Y-3 is tagged early ...READ MORELawrence's Comment Recap I thought the backfill back down to Y-1 was going to be choppy. Instead, we got this clean directional slide all the way down. Cleared Y-1 easily and then ...READ MORELawrence's Comment Recap Y-0 acted as resistance as expected and that sent Loonie down to almost Y-2. Tight range drift after the break below Y-1 making it difficult to trade this ...READ MORE3DP Odds Table (DIA) 2019-10-24Intraday Cycle Projection (YM) 2019-06-183DP Odds Table (DJIA) 2016-09-293DP Odds Table (DIA) 2022-08-05Intraday Cycle Projection (YM) 2013-01-11Real-time Commentaries 2022-7-22Intraday Cycle Projection (DJIA) 2021-01-11EURUSD Apr 09 to Apr 13 OutlookS&P 500 Dec 16 to Dec 20 OutlookUSDCAD Jul 25 to Jul 29 Outlook
As Featured In
Dow 30 Sep 08 to Sep 12 Outlook
Lawrence’s Comment
Y-0 resistance gave us a pullback to Y-1. Dow found support there and zoomed to Y+1, yet failed to stay above. Dow failed on retest of week high and dropped back down to week low. More buying showed up when rumors were spread about the situation at Ukraine. Closed the week above Y-0 and midpoint.
Outlook
Outside week. Strong close suggests a retest of Y+1 and B+1 in the making. Intresting though the swing pattern is not as bullish as it looks. Risk of a drop back down to B-2 and below is high given Y+1 acting as resistance.
Share