Dow 30 Sep 22 to Sep 26 Outlook

By News Robot

Lawrence’s Comment

Recap
Wild ride as mentioned last week. Pretty much straight up from Y-1 to Y+2 with very strong reactions between Y-0 and Y+1. Closed the week above Y+1 and midpoint.

Outlook
Extreme reactions were the result of multiple factors. Post FOMC meeting usually results in a move back to the price level right before the announcement (i.e. crime scene). So until B-0 is tested the upside is likely to be capped slight above B+1.

Share

  • You must be logged in to comment. Log in