Recap We got the down side target right at the start of the week. Excuse to go lower immediately used up. Dow drifted higher since. Not even ECB news can affect its NFP play. Closed the week above Y+2 and midpoint.
Outlook As long as B+1 acting as resistance, good chance Dow will be forced back down to retest Y+1 / B-0 zone.
Lawrence's Comment
Recap
Brexit week NQ headed for Y+1 first, setting the stage for the collapse down to Y-3. No surprise at all. Initial reaction after Brexit on Friday open even tagged ...
Dow 30 Dec 08 to Dec 12 Outlook
Lawrence’s Comment
We got the down side target right at the start of the week. Excuse to go lower immediately used up. Dow drifted higher since. Not even ECB news can affect its NFP play. Closed the week above Y+2 and midpoint.
Outlook
As long as B+1 acting as resistance, good chance Dow will be forced back down to retest Y+1 / B-0 zone.
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