Recap Dow could not hold above Y-1 leading to continuation sell down to below Y-2. Formed double bottom and zoomed higher back up to above Y-1 and initiated a squeeze to Y-0. Closed the week at Y-0 and near week high.
Outlook NFP week ended like a normal NFP week. So it is likely to play out like a normal post NFP Monday and Tuesday.
Very violent price swings are expected with limited upside potential.
Lawrence's Comment
Recap
Dropped lower to tag the downside target right off the start and snapped back up. FBO gave us a go for Y-0 and we got that. Perfect sell setup ...
Dow 30 Feb 10 to Feb 14 Outlook
Lawrence’s Comment
Dow could not hold above Y-1 leading to continuation sell down to below Y-2. Formed double bottom and zoomed higher back up to above Y-1 and initiated a squeeze to Y-0. Closed the week at Y-0 and near week high.
Outlook
NFP week ended like a normal NFP week. So it is likely to play out like a normal post NFP Monday and Tuesday.
Very violent price swings are expected with limited upside potential.
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