Recap Strong gap up right from the beginning of the year and stuck in a tight range since. Closed the week at midpoint. The weekly price level on last week in the chart is incorrect.
Outlook A breakout formation is in place. Breaking below the low of the week points to retesting Y-1 as the first target.
Limited upside potential unless a sudden intervention on euro. If that happens B+2 is the next upside target.
Lawrence's Comment
Recap
Breached Y-1 early in the week setup ninja to go down to Y-2 and below. Got that taken care of and then ninja bounced back to new high for ...
Dow 30 Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Strong gap up right from the beginning of the year and stuck in a tight range since. Closed the week at midpoint. The weekly price level on last week in the chart is incorrect.
Outlook
A breakout formation is in place. Breaking below the low of the week points to retesting Y-1 as the first target.
Limited upside potential unless a sudden intervention on euro. If that happens B+2 is the next upside target.
Share