Dow 30 Apr 02 to Apr 06 Outlook

By News Robot

Lawrence’s Comment

Recap
Was looking for 2nd consolidation week and got exactly that. Inside week with close below midpoint near Y-0.

Outlook
Coiling up with 2 weeks in a row closing at around same price level again. Indecision.

Breakout mode in place. A break out of this range will be a very powerful move no matter it is going to the upside or the downside.

May take a few more weeks to consolidate if there is no event driving the market in a particular direction.

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