Recap Selloff as expected. Tagged Y-1 target and 13000 round number level. But that was all the bears got. News shock sent Dow back up to the gap and closed the week above midpoint.
Outlook Both short term bottom and short term top formation are in place. Very confusing. The light volume issue persisted and is one of the reasons why we are not getting decisive price patterns.
So as long as 13200 acting as resistance like last week, there is no confirmed bottom in place.
Lawrence's Comment
Recap
Consolidation around prior week close as expected. Even the rush to Y+1 could not clear it. Closed the week above Y-0 and below mipoint.
Outlook
Post Thanksgiving bias points to a ...
Lawrence's Comment
Recap
FBO scenario played out. Easy drop to target by the end of the week. Closed the week below Y-1 and near week low.
Outlook
Daily up trend ended with ...
Dow 30 Sep 03 to Sep 07 Outlook
Lawrence’s Comment
Selloff as expected. Tagged Y-1 target and 13000 round number level. But that was all the bears got. News shock sent Dow back up to the gap and closed the week above midpoint.
Outlook
Both short term bottom and short term top formation are in place. Very confusing. The light volume issue persisted and is one of the reasons why we are not getting decisive price patterns.
So as long as 13200 acting as resistance like last week, there is no confirmed bottom in place.
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