Trading Edges That Last
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Dow 30 Nov 17 to Nov 21 Outlook
Lawrence’s Comment
No take down to Y-0 happened as BOJ did their deeds again. Dow was moving in lock step with ninja. Up drift all week with light volume. Closed the week above Y+1 and midpoint.
Outlook
Tight range week. Breakout play in place. Tricky for upside breakout since Y+2 is above B+1. Should FBO happen against B+1, the door to B-1 and B-3 will be opened.
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