Dow 30 Aug 25 to Aug 29 Outlook

By News Robot

Lawrence’s Comment

Recap
Continuous sell pattern broken when Dow gapped at Y+1 and zoomed higher. Unlikely breakout gave us Y+3 target. Dow got the target and went sideway since. Closed the week above Y+2 and midpoint.

Outlook
The breakout was the result of false rumours on the current situation at Ukraine. An interesting imbalance is now created at Y+1 / B-1 that has to be resolved in coming 2 weeks.

B+1 / Y+3 acting as resistance will send Dow back down to B-0. Normal scenario we get a consolidation week trapped between B-0 to B+1.

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