Recap Dow could not hold above Y-1 leading to continuation sell down to below Y-2. Formed double bottom and zoomed higher back up to above Y-1 and initiated a squeeze to Y-0. Closed the week at Y-0 and near week high.
Outlook NFP week ended like a normal NFP week. So it is likely to play out like a normal post NFP Monday and Tuesday.
Very violent price swings are expected with limited upside potential.
Lawrence's Comment
Recap
Cleared Y+1 early in the week and zoomed higher to tag Y+2. Failed to clear that and stalled quickly back down to near Y-1. Closed the week above Y-0 ...
Lawrence's Comment
Recap
Ninja held Y-0 and rallied as expected. Disappointed though that it failed to tag Y+2. Could not even make it to 100% absolute range expansion. Closed the week at ...
Dow 30 Feb 10 to Feb 14 Outlook
Lawrence’s Comment
Dow could not hold above Y-1 leading to continuation sell down to below Y-2. Formed double bottom and zoomed higher back up to above Y-1 and initiated a squeeze to Y-0. Closed the week at Y-0 and near week high.
Outlook
NFP week ended like a normal NFP week. So it is likely to play out like a normal post NFP Monday and Tuesday.
Very violent price swings are expected with limited upside potential.
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