Recap Y-1 was not touched and we get the rally we expected. Better yet, it is exactly 200% absolute range expansion. What more can we ask for?
Outlook 200% absolute range expansion is also often exhaustion. This coming week will likely be consolidating within Y+4 and Y+1 to B-0. This range is big enough for several major swings. Good daytrading opportunities ahead.
Lawrence's Comment
Recap
Y-0 held up fine, rallied to Y+2 as expected. Struggle around Y+2 since. Closed the week below Y+2 and above midpoint.
Outlook
Reversal came right on time, giving us a nice ...
Lawrence's Comment
Recap
Lower timeframe bearishness took Ninja down from FBO at Y-0 down to 100% absolute range expansion. Closed the week below Y-1 and midpoint.
Outlook
Now lower and higher timeframes are aligned. ...
Dow 30 Jul 04 to Jul 08 Outlook
Lawrence’s Comment
Y-1 was not touched and we get the rally we expected. Better yet, it is exactly 200% absolute range expansion. What more can we ask for?
Outlook
200% absolute range expansion is also often exhaustion. This coming week will likely be consolidating within Y+4 and Y+1 to B-0. This range is big enough for several major swings. Good daytrading opportunities ahead.
Share