Recap Pullback as expected. Pullback is very mild and Y-0 is defended. Closed the week above Y-0 and near midpoint.
Outlook Clearing B-1 will lead to a quick flush down to B-3.
Breakout above B+1, Y+2 / B+3 will be in play.
New year high is accomplished by multiple short squeezes week after week. Functional support zone is getting a bit far from the current price level already. Unless Dow can force a huge breakout to the upside from this level soon, this rally will not end pretty.
Lawrence's Comment
Recap
Consolidated around B+1 as expected. The breakout to the upside points to 100% range expansion. Closed the week at the high and not enough time to get ...
Dow 30 Sep 24 to Sep 28 Outlook
Lawrence’s Comment
Pullback as expected. Pullback is very mild and Y-0 is defended. Closed the week above Y-0 and near midpoint.
Outlook
Clearing B-1 will lead to a quick flush down to B-3.
Breakout above B+1, Y+2 / B+3 will be in play.
New year high is accomplished by multiple short squeezes week after week. Functional support zone is getting a bit far from the current price level already. Unless Dow can force a huge breakout to the upside from this level soon, this rally will not end pretty.
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