Recap Intense fight at Y-0 for control early in the week. Bulls won the battle and led to breakout above Y+1 and tagged Y+2. Closed the week above Y+1 and midpoint.
Outlook Very serious divergence from ES and NQ in terms of weekly structure. If Dow top out this week, we have a short term swing top that points to much lower prices going into May.
Lawrence's Comment
Recap
As oppose to just consolidate like Loonie, Aussie continued its path towards the Y-2 target before bouncing back. Attempts to trade above Y-1 failed so far and closed ...
Dow 30 Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Intense fight at Y-0 for control early in the week. Bulls won the battle and led to breakout above Y+1 and tagged Y+2. Closed the week above Y+1 and midpoint.
Outlook
Very serious divergence from ES and NQ in terms of weekly structure. If Dow top out this week, we have a short term swing top that points to much lower prices going into May.
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