Dow 30 Feb 24 to Feb 28 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation around B+1 at 50% range as expected. A necessary pause for the wild moves over the past few weeks. Closed the week below Y+1 and near midpoint.

Outlook
Difficult week ahead for stock markets worldwide again. On one hand G20 agreed to print $2 trillion dollar worldwide over the weekend. On the other hand the situation at Ukraine can lead to another round of sovereign debt crisis.

One week of consolidation may not be enough to absorb the excessive run up. I suspect we have to deal with another week of consolidation again. Controlled drop points to B-2 in play.

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