Recap As expected, Dow broke below Y-1 early in the week and tagged Y-2. Tried hard to stage a bottom there and failed. That set the stage for Y-3 to tag. Big fight to bottom out before landing onto Y-3 the rest of the week. Closed the week below midpoint and above Y-3.
Outlook My post on Dow component change nailed this reversal. To complete the minmal objective, a drop to below 15000 is necessary. How it is going to get there will be difficult to tell.
As long as B-0 acting as resistance, looking for further downside.
ContentReviewEuro MeltdownS&P Stuck in a Down ChannelGold Accumulation ContinuesBitcoin Searching for Support10-Year Note Yield Still Pushing Higher Big Picture SummaryReviewEuro meltdown in progress as expected.S&P spiked higher into the resistance ...
Lawrence's Comment
Recap
Swinged higher. Exceeded upside expectation and consolidated above Y+1. Closed the week near Y+1 and below midpoint.
Outlook
Did not make it to Y+2 and tight range for the week points ...
Dow 30 Sep 30 to Oct 04 Outlook
Lawrence’s Comment
As expected, Dow broke below Y-1 early in the week and tagged Y-2. Tried hard to stage a bottom there and failed. That set the stage for Y-3 to tag. Big fight to bottom out before landing onto Y-3 the rest of the week. Closed the week below midpoint and above Y-3.
Outlook
My post on Dow component change nailed this reversal. To complete the minmal objective, a drop to below 15000 is necessary. How it is going to get there will be difficult to tell.
As long as B-0 acting as resistance, looking for further downside.
Share