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
Last week's warning materialized. Dow collapsed as there is no buyers left at the current level. The buyers showed up below Y-2 could not offset the weekly STOPD resistance. ...
Lawrence's Comment
Recap
Cable tried to bottom yet not producing a strong reaction at Y-1 to go higher. Instead, it is trapped below the 1.66 key price level mentioned last week. Closed ...
Lawrence's Comment
Recap
ES failed to clear Y+1 in the beginning of the week and started its pullback. The normal Y-1 and Y-2 target were tagged. Then news shock from Europe sent ...
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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