Trading Edges That Last
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Dow 30 Nov 18 to Nov 22 Outlook
Lawrence’s Comment
A easy week with Dow. Pullback to Y-0. Strong reaction to the support. Cleared Y+1 in one go and Y+2 target mentioned last week was quickly right after. In drifting mode since. Completed 100% absolute range expansion by end of week. Closed the week above Y+2 and at week high.
Outlook
As mentioned last week shorts are outnumbered and outpowered. This is the typical outcome. Consolidation around B+1 is expected.
Any news shock will take Dow back down to B-0 / Y+1 easily.
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