Dow 30 Sep 30 to Oct 04 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected, Dow broke below Y-1 early in the week and tagged Y-2. Tried hard to stage a bottom there and failed. That set the stage for Y-3 to tag. Big fight to bottom out before landing onto Y-3 the rest of the week. Closed the week below midpoint and above Y-3.

Outlook
My post on Dow component change nailed this reversal. To complete the minmal objective, a drop to below 15000 is necessary. How it is going to get there will be difficult to tell.

As long as B-0 acting as resistance, looking for further downside.

Share

  • You must be logged in to comment. Log in