Recap As expected Dow failed to take out Y+1 and sold off back down to Y-0 area. Better yet, completed a measured down move and slided below B-1 with a gap. Closed the week below Y-1.
Outlook Y-2 was the original target to tag if rumors were not flying everywhere to pop the market up on Thursday and Friday.
As long as Y-1 acts as resistance early in the week, a quick flush down to B-1 and Y-2 is expected.
Lawrence's Comment
Recap
Y-1 held sending ninja back up to Y-0 and then Y+1. Y-0 support since helping ninja to retest and complete measured move on weekly to the upside. Closed the ...
Dow 30 Sep 26 to Sep 30 Outlook
Lawrence’s Comment
As expected Dow failed to take out Y+1 and sold off back down to Y-0 area. Better yet, completed a measured down move and slided below B-1 with a gap. Closed the week below Y-1.
Outlook
Y-2 was the original target to tag if rumors were not flying everywhere to pop the market up on Thursday and Friday.
As long as Y-1 acts as resistance early in the week, a quick flush down to B-1 and Y-2 is expected.
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