Recap 3 pushes up and a slide back down to 3 pushes up downside target. Holiday trading with very light volume throughout the week. Closed the week below Y+1 and midpoint.
Outlook Multiple gaps created both to the upside and downside. These gaps are likely to be resolved in very volatile fashion. No real direction for swing trade until Dow move out of this gapped zone between 12400 to 12900.
Lawrence's Comment
Recap
As stated last week, there would be limited potential to stretch further as that has proven correct. Closed the week near Y-0.
Outlook
Last week was not weak enough to ...
Dow 30 Jul 09 to Jul 13 Outlook
Lawrence’s Comment
3 pushes up and a slide back down to 3 pushes up downside target. Holiday trading with very light volume throughout the week. Closed the week below Y+1 and midpoint.
Outlook
Multiple gaps created both to the upside and downside. These gaps are likely to be resolved in very volatile fashion. No real direction for swing trade until Dow move out of this gapped zone between 12400 to 12900.
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