Trading Edges That Last
- You May Also LikeFor more information about this report please refer to the Market Bias Informant pageREAD MORE
Lawrence's Comment Recap Sold off as expected with Dow. Got my target of Y-3. Almost down to 2% pullback / Y-4 too. Consolidated around Y-3 until NFP changed the game. Gap and ...READ MORELawrence's Comment Recap As expected yen is stuck within the same range again once the euro zone crisis was showing some signs of stability in sight. Closed the week around midpoint ...READ MOREReal-time Commentaries 2015-12-73DP Odds Table (DJIA) 2014-12-15Intraday Cycle Projection (YM) 2012-01-10Precog Vision – US Indices 2021-4-123DP Odds Table (DIA) 2011-07-04S&P 500 Dec 09 to Dec 13 OutlookHot n Cold (DJIA) 2022-9-16USDJPY Jun 27 to Jul 01 OutlookIntraday Cycle Projection (YM) 2020-07-06USDJPY Oct 29 to Nov 02 Outlook
As Featured In
Dow 30 Sep 16 to Sep 20 Outlook
Lawrence’s Comment
Bear flag upside breakout is a very powerful formation. It is rare thus most people reacted the wrong way in handling the situation. That’s exactly what we’ve got last week with Dow. The breakout gave us a target of Y+3 and above. All it took was 2 days to get there. Dow matched up to almost Y+4 before it found resistance. Consolidated above Y+3 since. Closed the week above Y+3 and near week high.
Outlook
The consolidation at the end of the week at low volume was due to the almost totally unexpected outcome from the Syria crisis. The crisis is still in development. Reaction to the agreement so far made during the weekend will be very interesting.
Technical setup points to pullback to at least Y+2 / B-0 before Dow can find any support. And that is not a strong support zone either as the other indices do not support this rally at all.
Share