Recap Dow in consolidation mode until trouble in Asia spreaded. Sell shock produced a 100% expansion off the tight range and Y-2 was tagged. Closed the week near Y-2 and week low.
Outlook 17000 round number strong support. Spike low early in the week will give us a platform for year end rally.
Lawrence's Comment
Recap
News shock sent cable back down to Y-1 and 100% range expansion. Stops were triggered and led to further downside to Y-2 before support is found. Closed the week ...
Dow 30 Dec 14 to Dec 18 Outlook
Lawrence’s Comment
Dow in consolidation mode until trouble in Asia spreaded. Sell shock produced a 100% expansion off the tight range and Y-2 was tagged. Closed the week near Y-2 and week low.
Outlook
17000 round number strong support. Spike low early in the week will give us a platform for year end rally.
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