Trading Edges That Last
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Lawrence's Comment Recap As mentioned last week, the pocket below has to be taken care of first. Gap up open did not change the bias and gave us an even better drop. ...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 MORENasdaq 100 Sep 30 to Oct 04 Outlook3DP Odds Table (DJIA) 2022-06-14Intraday Cycle Projection (DIA) 2016-01-05Weekly Cycle Projection (DJIA) 2016-05-09Intraday Cycle Projection (DJIA) 2016-05-31Hot n Cold (DIA) 2014-11-7Real-time Commentaries 2017-7-203DP Odds Table (DJIA) 2014-04-11Precog Vision – US Indices 2020-1-8Precog Vision – US Indices 2021-1-4
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Dow 30 Feb 29 to Mar 04 Outlook
Lawrence’s Comment
As expected the squeeze driven rally did not last. Sharp pullback below Y-0 to close the open gap below happened first. Since then renew buying took Dow to Y+2 and stalled. Closed the week above Y+1 and midpoint.
Outlook
Dow tagged the resistance zone and stalled since does not really tell us anything useful yet. If Dow fails to clear B+1 again, a sharp drop back down to below B-1 is likely.
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