Recap Consolidation actions after wide range expansion was normal. ECB decisions sparked wild swings both ways. Y-0 support gave us a run for Y+2 but not enough time to get there. Closed the week above Y+1 and near week high.
Outlook Y+2 still in play. FBO against B+1 points to quick drop back down to Y+1 / B-0 and deeper fall back down to B-2 and below.
Lawrence's Comment
Recap
Gapped way higher right at the start of the week. Then collapsed back down to fill the gap. NQ found support there and started a short squeeze filling the ...
Dow 30 Mar 14 to Mar 18 Outlook
Lawrence’s Comment
Consolidation actions after wide range expansion was normal. ECB decisions sparked wild swings both ways. Y-0 support gave us a run for Y+2 but not enough time to get there. Closed the week above Y+1 and near week high.
Outlook
Y+2 still in play. FBO against B+1 points to quick drop back down to Y+1 / B-0 and deeper fall back down to B-2 and below.
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