Recap Consolidation around previous week close. Found resistance from Y+1 / week mid later in the week. Closed the week above Y-0 and below midpoint.
Outlook Potential spike and ledge in place. Break of B-1 points to B-3 first target. As long as B-1 holds, Dow still in good position to challenge B+1 again.
Lawrence's Comment
Recap
ES failed to clear Friday high and was forced back down to fill the open gap below. Gap filled and ES immediately push back up. Y-0 support gave ES ...
Dow 30 Jan 06 to Jan 10 Outlook
Lawrence’s Comment
Consolidation around previous week close. Found resistance from Y+1 / week mid later in the week. Closed the week above Y-0 and below midpoint.
Outlook
Potential spike and ledge in place. Break of B-1 points to B-3 first target. As long as B-1 holds, Dow still in good position to challenge B+1 again.
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