Recap Dow pullback from Y+1 down to Y-0 was expected and unfolded early in the week. When it fails to hold Y-0, the drop turned into all out sell off down to the price level before FOMC announcement. Closed the week near Y-1 and below midpoint.
Outlook Outside down week is very bearish with strong resistance now at B-0. A drift back up to B-0 is possible but not necessary.
Lawrence's Comment
Recap
Started the week below Y-1 and failed to push back above. Dropped down to near Y-3 and found support. Bounced back up. Closed the week below Y-1 and near ...
Lawrence's Comment
Recap
First half of the week playing out perfectly like a normal 50% range consolidation around Y-1. Then FOMC announcement changed everything. The upside breakout of the tight range gave ...
Dow 30 Mar 30 to Apr 03 Outlook
Lawrence’s Comment
Dow pullback from Y+1 down to Y-0 was expected and unfolded early in the week. When it fails to hold Y-0, the drop turned into all out sell off down to the price level before FOMC announcement. Closed the week near Y-1 and below midpoint.
Outlook
Outside down week is very bearish with strong resistance now at B-0. A drift back up to B-0 is possible but not necessary.
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