Recap Dow coiled up on Monday led to attempt to clear Y+1 but failed. Y-0 not strong enough as support, gave way to more selling down below Y-1. Friday event led to spike up challenging Y-0 yet failed again. Closed the week near Y-2 and below midpoint.
Outlook Wide range reversal week. Y-1 / B-0 strong resistance. Y-3 to B-2 in play.
Lawrence's Comment
Recap
Cable holding previous week close early in the week started a breakout until 100% absolute range expansion is reached. Closed the week near Y+2 and above midpoint.
Outlook
This ...
Lawrence's Comment
Recap
ES followed Dow and pulled an op ex 2-way play on the players. Closed the week near Y-0 and midpoint. To learn more about op ex weeks, read my ...
Dow 30 Aug 29 to Sep 02 Outlook
Lawrence’s Comment
Dow coiled up on Monday led to attempt to clear Y+1 but failed. Y-0 not strong enough as support, gave way to more selling down below Y-1. Friday event led to spike up challenging Y-0 yet failed again. Closed the week near Y-2 and below midpoint.
Outlook
Wide range reversal week. Y-1 / B-0 strong resistance. Y-3 to B-2 in play.
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