Dow 30 Mar 03 to Mar 07 Outlook

By News Robot

Lawrence’s Comment

Recap
Gap above Y+1 killed the pullback potential down to Y-2. That did not changed the consolidation actions that is expected for the week. Wild swings by the end of the week thanks to Mrs. Yellen testimony and crisis in Ukraine. Closed the week near Y+2 and above midpoint.

Outlook
A quick drop below B-0 / Y+1 and that turning into resistance will give us a run to at least below B-1.

First move for the week however is more unpredictable at this point because of the escalation of conflict in Ukraine. For normal situation a retest of B+1 is likely.

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