Trading Edges That Last
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As Featured In
Dow 30 Dec 09 to Dec 13 Outlook
Lawrence’s Comment
Y-0 acted as resistance at the start of the week, gave us the decisive break of Y-1 and dropped down to target Y-3. This is the easiest play for the week. From there Dow found support at Y-4 and consolidated around it until the end of the week where the NFP report changed everything. Dow gapped back up to week mid and run higher since. Closed the week below Y-1 and above midpoint.
Outlook
Very unusual NFP week points to unusual follow up.
As long as Y-1/B+1 acting as resistence looking for a move back down to B-0 / Y-3.
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