Recap As expected Dow failed to take out Y+1 and sold off back down to Y-0 area. Better yet, completed a measured down move and slided below B-1 with a gap. Closed the week below Y-1.
Outlook Y-2 was the original target to tag if rumors were not flying everywhere to pop the market up on Thursday and Friday.
As long as Y-1 acts as resistance early in the week, a quick flush down to B-1 and Y-2 is expected.
Lawrence's Comment
Recap
A chance for the bears showed up in the beginning of the week when ES produced a w. upthrust Monday. The points to a selloff to at least ...
Lawrence's Comment
Recap
Opened holding above the resistance mentioned last week. Cable has no choice but squeezed back up to Y+1. Rejected by Y+1, sending it back down to Y-0 again. Closed ...
Dow 30 Sep 26 to Sep 30 Outlook
Lawrence’s Comment
As expected Dow failed to take out Y+1 and sold off back down to Y-0 area. Better yet, completed a measured down move and slided below B-1 with a gap. Closed the week below Y-1.
Outlook
Y-2 was the original target to tag if rumors were not flying everywhere to pop the market up on Thursday and Friday.
As long as Y-1 acts as resistance early in the week, a quick flush down to B-1 and Y-2 is expected.
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