Recap Consolidation actions around Y+1. Lower boundary of open gap filled while crime scene above from the last sell off stopped the rally attempt. Closed the week near Y-0 and week low.
Outlook Potential head and shoulder on 30-min for a rush back down below 17000 while Y-0 / B-1 acting as support decisively will carry Dow back up to B+1.
Lawrence's Comment
Recap
Just like Dow, consolidation within the top half of the expected range. End of week pullback completed the gap fill below and bounced from there. Closed the week ...
Dow 30 Jan 04 to Jan 08 Outlook
Lawrence’s Comment
Consolidation actions around Y+1. Lower boundary of open gap filled while crime scene above from the last sell off stopped the rally attempt. Closed the week near Y-0 and week low.
Outlook
Potential head and shoulder on 30-min for a rush back down below 17000 while Y-0 / B-1 acting as support decisively will carry Dow back up to B+1.
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