Recap Exactly as expected, stopped right at resistance mentioned last week and sold off down to target Y-2 below. Closed the week below Y-2 and midpoint.
Outlook Weekly up trend broken. Pullback in the making with quite a number of gaps above and below to fill. Wild ride for the coming weeks is expected. Longer term support is below B-2.
Lawrence's Comment
Recap
Y-1 test confirmed support. Bounced back up but failed to clear Monday high. Closed the week below Y-0 and midpoint.
Outlook
Tight range consolidation. Ledge is formed. Continuation of ...
Dow 30 Sep 15 to Sep 19 Outlook
Lawrence’s Comment
Exactly as expected, stopped right at resistance mentioned last week and sold off down to target Y-2 below. Closed the week below Y-2 and midpoint.
Outlook
Weekly up trend broken. Pullback in the making with quite a number of gaps above and below to fill. Wild ride for the coming weeks is expected. Longer term support is below B-2.
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