Dow 30 Oct 19 to Oct 23 Outlook

By News Robot

Lawrence’s Comment

Recap
Dow tried hard to stay above Y+1 and its failure to do so led to a pullback capped by 50% previous week range. Strong rally off the support brought Dow back up to week high and above. Closed the week above Y+1 and near week high.

Outlook
Interesting option expiration price actions from last week points to the potential of a sharp pullback is in the making. Another FBO against B+1 will easily led to a quick selloff back down to B-1 and below.

Share

  • You must be logged in to comment. Log in