Recap Consolidation around previous week close. Found resistance from Y+1 / week mid later in the week. Closed the week above Y-0 and below midpoint.
Outlook Potential spike and ledge in place. Break of B-1 points to B-3 first target. As long as B-1 holds, Dow still in good position to challenge B+1 again.
Lawrence's Comment
Recap
Y-0 acted as resistance and down trend continue as expected. Closed the week at Y-1.
Outlook
Interesting turning point in the making if the pair can jump up to ...
Lawrence's Comment
Recap
Unfolded exactly as mentioned last week. Consolidation within the prescribed range. A breakout of Y+1 leads to doubling the week's range.
Outlook
As long as B-0 acts as support, Y+2 ...
Lawrence's Comment
Recap
My false breakout premises was correct. Leading to an all out selloff until 100% absolute range expansion is completed before ES was willing to stop. Closed the ...
Dow 30 Jan 06 to Jan 10 Outlook
Lawrence’s Comment
Consolidation around previous week close. Found resistance from Y+1 / week mid later in the week. Closed the week above Y-0 and below midpoint.
Outlook
Potential spike and ledge in place. Break of B-1 points to B-3 first target. As long as B-1 holds, Dow still in good position to challenge B+1 again.
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