Trading Edges That Last
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Lawrence's Comment Recap Unlike euro that has ECB defending the price level in the beginning of the week, cable was falling normally as expected back down to Y-1. Then the ...READ MOREReal-time Commentaries 2021-9-28Precog Vision – US Indices 2016-8-9Precog Vision – US Indices 2022-6-28Precog Vision – US Indices 2017-9-26Weekly Cycle Projection (DJIA) 2016-12-09USDCAD Dec 21 to Dec 25 Outlook3DP Odds Table (DIA) 2015-11-06GBPUSD Feb 27 to Mar 02 OutlookIntraday Cycle Projection (DIA) 2021-04-22Intraday Cycle Projection (YM) 2022-09-14
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Dow 30 Aug 27 to Aug 31 Outlook
Lawrence’s Comment
Bearish scenario unfolded and almost tagged our B-2 target. The end of week news shock from euro zone forced a reversal on Friday. Closed the week at midpoint near Y-0.
Outlook
My read on Dow testing an important price zone was correct. This first reaction (selloff) gave us a good sense of how weak this rally actually is.
Even if we see a continuation rally from here, I will be very cautious on the long side.
Early next week as long as 13200 acts as resistance, a retest of B-1 is likely.
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