Recap Consolidation with a twist – huge intraday volatility. Other than that, equal distance from Y-0 and open points to a normal week of consolidation after the wild week prior. Closed the week above Y-0 and midpoint.
Outlook Inside week with Y-0 and B-0 near each other. For a bear flag on daily the run from last week was too steep. For a reversal, it is too choppy and slow. We are looking at further consolidation this week until one side gives up.
Lawrence's Comment
Recap
Attempted downside first but failed to stay below Y-0. Drifted up slowly yet failed to push above 121 and collapsed back down. Closed the week below Y-0 and near ...
Dow 30 Jan 26 to Jan 30 Outlook
Lawrence’s Comment
Consolidation with a twist – huge intraday volatility. Other than that, equal distance from Y-0 and open points to a normal week of consolidation after the wild week prior. Closed the week above Y-0 and midpoint.
Outlook
Inside week with Y-0 and B-0 near each other. For a bear flag on daily the run from last week was too steep. For a reversal, it is too choppy and slow. We are looking at further consolidation this week until one side gives up.
Share