Recap We got the down side target right at the start of the week. Excuse to go lower immediately used up. Dow drifted higher since. Not even ECB news can affect its NFP play. Closed the week above Y+2 and midpoint.
Outlook As long as B+1 acting as resistance, good chance Dow will be forced back down to retest Y+1 / B-0 zone.
Overview
Emini overnight range 1878.75 up to 1896.75
Overnight Midpoint 1887.75
Previous Day Mid 1887.00
Emini S&P is now trading at the top part of its range with a gap down. ...
Dow 30 Dec 08 to Dec 12 Outlook
Lawrence’s Comment
We got the down side target right at the start of the week. Excuse to go lower immediately used up. Dow drifted higher since. Not even ECB news can affect its NFP play. Closed the week above Y+2 and midpoint.
Outlook
As long as B+1 acting as resistance, good chance Dow will be forced back down to retest Y+1 / B-0 zone.
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