Dow 30 Mar 07 to Mar 11 Outlook

By News Robot

Lawrence’s Comment

Traded above Y-0 early in the week points potential consolidation for the week. Failed to hold above Y-0 and slided towards Y-1. Failed to tag Y-1 and retested week high quickly. Failed to hold above Feb close led to another sell off which ended at the gap zone. Closed the week at midpoint.

As long as Feb close acting as resistance, there should be more weaknesses, meaning a retest of Y-1 and downside expansion towards B-2 is not out of the question.

Once Feb close is taken out, however, Feb high will be the target.


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