Recap Resistance trend line breakout happened early in the week. Breakout play got us 100% absolute range exapnsion quickly. Closed the week above Y+1 and near week high.
Outlook Consolidation around B+1 until NFP Friday likely.
I have written an article called Advance Issues Momentum published in the Technical Analysis of Stocks and Commodities magazine, August 2004 issue. Here is an update about this interesting indicator.
The ...
Dow 30 May 30 to Jun 03 Outlook
Lawrence’s Comment
Resistance trend line breakout happened early in the week. Breakout play got us 100% absolute range exapnsion quickly. Closed the week above Y+1 and near week high.
Outlook
Consolidation around B+1 until NFP Friday likely.
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