Dow 30 Nov 26 to Nov 30 Outlook

By News Robot

Lawrence’s Comment

Recap
Expected a pullback from the selloff but not a straight up like what we got last week. Closed the week near week high right underneath 13000 round number and above Y+1.

Outlook
Dow pullback to where the head and shoulder formation neckline is. Should Dow failed to go higher next week, it will confirm the resistance of the neckline and further decline will be likely.

If Dow can clear the neckline resistance, the gap above will be filled as B+2 is an easy target to spike to if they feed out more news to squeeze the shorts.

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