Dow 30 Feb 27 to Mar 02 Outlook

By News Robot

Lawrence’s Comment

Recap
Data problem affecting the chart so the price levels are not drawn correctly. Weaknesses in the beginning of the week failed to take Dow back down to Y-0. That forced weak shorts to cover. The natural target of 50% range around Y+1 after a strong week happened. Closed the week above Y+1.

Outlook
The stock markets worldwide are dragged higher due to the way euro was moving.

Not a good time to think of going long on swing basis from here. However, there is no sign of a significant drop in the making either.

Wait and see kind of market at the moment.

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