Recap Tight range expectation did not work out thanks to sudden weaknesses in US dollar. 100% absolute range expansion stopped Dow from going higher. Closed the week below Y-0 and near week low.
Outlook The huge open gap above will be filled if Dow can hold B-1. Breaking below B-1 will also break the longer term up trend with downside targets B-2 and B-3.
Lawrence's Comment
Recap
NQ finally joined the other 2 indices and sold off down to almost Y-3. Since then a major short squeeze caused by potential deal in US debt ceiling forced ...
Dow 30 Sep 21 to Sep 25 Outlook
Lawrence’s Comment
Tight range expectation did not work out thanks to sudden weaknesses in US dollar. 100% absolute range expansion stopped Dow from going higher. Closed the week below Y-0 and near week low.
Outlook
The huge open gap above will be filled if Dow can hold B-1. Breaking below B-1 will also break the longer term up trend with downside targets B-2 and B-3.
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