Recap Consolidation in our prescribed range most of the week until Fed announcement took place. Then all out short squeeze started until 100% absolute range expansion reached by Friday. Closed the week above Y+2.
Outlook See Euro and Cable comments on Fed policy change.
A pullback is due down to B-0. Option expiration week tends to negate some part of the prior week actions.
Lawrence's Comment
Recap
Pullback to Y-0 turns into all out collapse. Could not stop until 100% range expansion. Closed the week above Y-1 and below midpoint.
Outlook
US mid-week data together with development of ...
Lawrence's Comment
Recap
Ranged bounded play worked out well for the first 4 days last week. Then NFP report forced a breakout to the downside. Normal 2X target from the ...
Lawrence's Comment
Recap
Not even a contest at Y-0, Dow gapped up and cleared Y+1 right from the start. That opened the door to Y+2. Then the reversal right below Y+2 opened ...
Dow 30 Sep 17 to Sep 21 Outlook
Lawrence’s Comment
Consolidation in our prescribed range most of the week until Fed announcement took place. Then all out short squeeze started until 100% absolute range expansion reached by Friday. Closed the week above Y+2.
Outlook
See Euro and Cable comments on Fed policy change.
A pullback is due down to B-0. Option expiration week tends to negate some part of the prior week actions.
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