Recap Dow consolidated around Y-0 until FOMC announcement. After announcement Dow rushed to 100% absolute range expansion target and stalled from there. Closed the week above Y-0 and near midpoint.
Outlook As long as Y-0 / B-0 zone holds, retest of B+1 and open gap fill above likely.
Lawrence's Comment
Recap
Euro zoomed back up to Y-0 as expected and stalled from there as the strong downside momentum is still in force. Reaching only 50% of the absolute range ...
Lawrence's Comment
Recap
Got the first half of the week correct with both the topping zone and the first downside target. The reaction to the 1st target, however, caught me ...
Dow 30 Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Dow consolidated around Y-0 until FOMC announcement. After announcement Dow rushed to 100% absolute range expansion target and stalled from there. Closed the week above Y-0 and near midpoint.
Outlook
As long as Y-0 / B-0 zone holds, retest of B+1 and open gap fill above likely.
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