Dow 30 Apr 18 to Apr 22 Outlook

By News Robot

Lawrence’s Comment

The selloff scenario played out where the target of Y-3 was tagged.
The strength of the rally in the 2nd half of the week is a bit surprising but not unexpected because that was a quarterly support level.

A retest of March close/high is expected.
That can happen in 2 very different situations.
First, if B-0 acting as support early next week, we get a quick zoom to the target.
The other scenario, however, is a deeper pullback to Y-2 at a slow pace which means the upside target may not be tagged within the week.


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