Recap Bullish expectation worked out with gaps above all taken care of. Op ex pinned Dow below 18000 round number at Y-0 maximizing the damage to both calls and puts buyers. Closed the week above Y-0 and midpoint.
Outlook Y-0 / B-0 strong support until proven otherwise. 3 weeks in a row with expanded range, yet all locked back in the same zone. Major indecision phase with more volatility both ways.
Lawrence's Comment
Recap
As expected ninja zoomed higher and got the main upside target Y+2. Ninja stalled back down quickly right after. Closed the week below Y+1 and near week low.
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Dow 30 Jun 22 to Jun 26 Outlook
Lawrence’s Comment
Bullish expectation worked out with gaps above all taken care of. Op ex pinned Dow below 18000 round number at Y-0 maximizing the damage to both calls and puts buyers. Closed the week above Y-0 and midpoint.
Outlook
Y-0 / B-0 strong support until proven otherwise. 3 weeks in a row with expanded range, yet all locked back in the same zone. Major indecision phase with more volatility both ways.
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