Recap Dow could not hold above Y-1 leading to continuation sell down to below Y-2. Formed double bottom and zoomed higher back up to above Y-1 and initiated a squeeze to Y-0. Closed the week at Y-0 and near week high.
Outlook NFP week ended like a normal NFP week. So it is likely to play out like a normal post NFP Monday and Tuesday.
Very violent price swings are expected with limited upside potential.
Overview
Emini overnight range 2159.00 to 2167.50 (at 8:50 am)
Overnight Midpoint 2163.25
Previous Week Mid 2162.00
Battleplan for the Day
(premium member only content below)
Lawrence's Comment
Recap
Topped at the resistance area as expected and sold off to Y-0 as expected as well.
Outlook
A choice has to be made here and that depends on gold. ...
Dow 30 Feb 10 to Feb 14 Outlook
Lawrence’s Comment
Dow could not hold above Y-1 leading to continuation sell down to below Y-2. Formed double bottom and zoomed higher back up to above Y-1 and initiated a squeeze to Y-0. Closed the week at Y-0 and near week high.
Outlook
NFP week ended like a normal NFP week. So it is likely to play out like a normal post NFP Monday and Tuesday.
Very violent price swings are expected with limited upside potential.
Share