Recap Consolidation around previous week close. Found resistance from Y+1 / week mid later in the week. Closed the week above Y-0 and below midpoint.
Outlook Potential spike and ledge in place. Break of B-1 points to B-3 first target. As long as B-1 holds, Dow still in good position to challenge B+1 again.
Lawrence's Comment
Recap
No rally in the beginning of the week sealed the downside move to Y-3. What I did not expect was that bounce actions were so weak on ...
Overview
Emini overnight range 2176.25 to 2182.75 (at 9:00 am)
Overnight Midpoint 2179.50
Previous Week Close 2180.00
Battleplan for the Day
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Dow 30 Jan 06 to Jan 10 Outlook
Lawrence’s Comment
Consolidation around previous week close. Found resistance from Y+1 / week mid later in the week. Closed the week above Y-0 and below midpoint.
Outlook
Potential spike and ledge in place. Break of B-1 points to B-3 first target. As long as B-1 holds, Dow still in good position to challenge B+1 again.
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