Dow 30 Mar 09 to Mar 13 Outlook

By News Robot

Lawrence’s Comment

Recap
Y+1 tested and rejected. Back down to Y-0 and then collapsed to Y-1. Y-0 turned into strong resistance and sent Dow all the way down to Y-3 which is the tight range breakout target. Closed the week below Y-3 and near week low.

Outlook
Consolidation after wide range week is normal. But this consolidation week can be quite wild as price pockets are everywhere around this current level. Will not be surprised that Dow moving all the way back up to 18000 if Y-4 holds up well.

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