Recap Pullback to Y-0 and collapsed. Y-1 defended on first touch but failed to hold upon 2nd time. Closed the week below Y-0 and near midpoint.
Outlook Retest of Y-0 resistance potential but not necessary. 3 pushes down pattern points to the same upside target. Potential down channel in the making on daily.
Lawrence's Comment
Recap
Staying away from this pair has been the correct decision for some time now. And it has been the correct decision for the past week as well. The ...
Dow 30 May 09 to May 13 Outlook
Lawrence’s Comment
Pullback to Y-0 and collapsed. Y-1 defended on first touch but failed to hold upon 2nd time. Closed the week below Y-0 and near midpoint.
Outlook
Retest of Y-0 resistance potential but not necessary. 3 pushes down pattern points to the same upside target. Potential down channel in the making on daily.
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