Recap Dow consolidated around Y-0 until FOMC announcement. After announcement Dow rushed to 100% absolute range expansion target and stalled from there. Closed the week above Y-0 and near midpoint.
Outlook As long as Y-0 / B-0 zone holds, retest of B+1 and open gap fill above likely.
Lawrence's Comment
Recap
The US stock market was as messed up as it can be last week. Dow simply zoom up right from the start of the week and almost ...
Lawrence's Comment
Recap
Breaking below Y-1 without tagging Y-0 first as explained last week gave us a drop until 100% absolute range expansion. Closed the week below Y-1 and near week low.
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Dow 30 Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Dow consolidated around Y-0 until FOMC announcement. After announcement Dow rushed to 100% absolute range expansion target and stalled from there. Closed the week above Y-0 and near midpoint.
Outlook
As long as Y-0 / B-0 zone holds, retest of B+1 and open gap fill above likely.
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