Lawrence's Comment
Recap
Sell setup never materialize. Just drift up to Y+2 which led to a sharp drop back down to Y+1 support. Closed the week below midpoint and near Y+1.
Outlook
2nd leg ...
Lawrence's Comment
Recap
Quick rally to clear the resistance above confirming strength. Y-0 support gave us an updrift to 120 round number. Since then ninja breakout above and reached normal bullish target ...
Dow 30 Mar 26 to Mar 30 Outlook
Lawrence’s Comment
Got the pullback as expected. Found support from previous breakout area. Closed the week near Y-0.
Outlook
More consolidation / pullback until the multiple weeks rally is absorbed.
Gaps not filled everywhere – above, below, and choppy price actions throughout the week. Tight range most of the days too.
If US dollar index pushed lower in coming weeks, we will likely get a retest of the year high.
Next week if Dow can hold 13000, a run back up to B+1 is likely.
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