Recap Dow consolidated around Y-0 until FOMC announcement. After announcement Dow rushed to 100% absolute range expansion target and stalled from there. Closed the week above Y-0 and near midpoint.
Outlook As long as Y-0 / B-0 zone holds, retest of B+1 and open gap fill above likely.
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Lawrence's Comment
Recap
Expectation of very strong reaction materialized. Previous week close acted as support and sparked a strong push of 200% absolute range expansion to the upside. Closed the week above ...
Lawrence's Comment
Recap
Y-1 did not hold, Range expansion kicked in with Y-3 target tagged quickly. Y-3 rejected with Y-1 cleared with a gap. Y-0 capped the run and force a drop ...
Dow 30 Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Dow consolidated around Y-0 until FOMC announcement. After announcement Dow rushed to 100% absolute range expansion target and stalled from there. Closed the week above Y-0 and near midpoint.
Outlook
As long as Y-0 / B-0 zone holds, retest of B+1 and open gap fill above likely.
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