Recap Weekly FBO confirmed with a drop back down to Y-2 normal target. Volatility however makes the move more difficult to deal with for many. Closed the week below Y-1 and midpoint.
Outlook Y-1/ B-0 strong resistance. Down trend on 30-min established. More down side is expected.
Recap of last week Gap above the resistance area (yellow zone) and sell back down to test the zone from above. Yellow zone acted as support, leading to a ...
Lawrence's Comment
Recap
Y-1 holds and news shock from Japan forced the continuation rally to resume. Tagged Y+2. Closed the week near the high of the week.
Outlook
Support zone confirmed. Continue ...
Dow 30 May 02 to May 06 Outlook
Lawrence’s Comment
Weekly FBO confirmed with a drop back down to Y-2 normal target. Volatility however makes the move more difficult to deal with for many. Closed the week below Y-1 and midpoint.
Outlook
Y-1/ B-0 strong resistance. Down trend on 30-min established. More down side is expected.
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