Recap Gap down but ran back up immediately to close the gap. Then failed to push higher and flushed down to Y-1 to test the support. Took off from there and breached Y+1 in 1 go. Yet failed again to go higher and stalled back down to Y-1. Still could not break the support and zoomed back up. Closed the week above Y-0 and midpoint.
Outlook Same midpoint as last week. Outside week with up close. Breakout mode with bullish bias. Can zoom to B+2 very quickly if it is playing out like a repeat of the last 3 month ends.
Lawrence's Comment
Recap
Was looking for resistance at Y+1 going back down to Y-0. We got that and euro was stuck since. Closed the week near Y-0 and below midpoint.
Outlook
Breaking below B-1 ...
Dow 30 Mar 25 to Mar 29 Outlook
Lawrence’s Comment
Gap down but ran back up immediately to close the gap. Then failed to push higher and flushed down to Y-1 to test the support. Took off from there and breached Y+1 in 1 go. Yet failed again to go higher and stalled back down to Y-1. Still could not break the support and zoomed back up. Closed the week above Y-0 and midpoint.
Outlook
Same midpoint as last week. Outside week with up close. Breakout mode with bullish bias. Can zoom to B+2 very quickly if it is playing out like a repeat of the last 3 month ends.
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