Trading Edges That Last
- You May Also LikeReal-time Commentaries 2021-12-20GBPUSD Oct 22 to Oct 26 OutlookIntraday Cycle Projection (YM) 2017-04-24Intraday Cycle Projection (DIA) 2011-09-023DP Odds Table (DIA) 2013-10-16Intraday Cycle Projection (DJIA) 2015-11-16Real-time Commentaries 2011-4-83DP Odds Table (YM) 2012-02-06Real-time Commentaries 2020-2-24Nasdaq 100 Dec 20 to Dec 24 Outlook
As Featured In
Dow 30 May 19 to May 23 Outlook
Lawrence’s Comment
Not even a contest at Y-0, Dow gapped up and cleared Y+1 right from the start. That opened the door to Y+2. Then the reversal right below Y+2 opened the door to Y-0. We got Y-0 in 1 go. Dow then struggled to hold the up trend line formed over the past weeks. Closed the week above Y-0 and below midpoint.
Outlook
The rising wedge from last week is now gone, yet a potential up channel is in the making.
If Dow can hold Y-0, B-0 to Y+1 is not a problem.
Another run to new high is expected once B-0 is cleared.
Share