Recap Dow in consolidation mode until trouble in Asia spreaded. Sell shock produced a 100% expansion off the tight range and Y-2 was tagged. Closed the week near Y-2 and week low.
Outlook 17000 round number strong support. Spike low early in the week will give us a platform for year end rally.
Lawrence's Comment
Recap
Upside breakout of Y+1 confirmed the bullish scenario with Y+2 tagged. Consolidation since. Closed the week near Y+2 and above midpoint.
Outlook
Rising wedge potential means a break of ...
Dow 30 Dec 14 to Dec 18 Outlook
Lawrence’s Comment
Dow in consolidation mode until trouble in Asia spreaded. Sell shock produced a 100% expansion off the tight range and Y-2 was tagged. Closed the week near Y-2 and week low.
Outlook
17000 round number strong support. Spike low early in the week will give us a platform for year end rally.
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