Recap Intense fight at Y-0 for control early in the week. Bulls won the battle and led to breakout above Y+1 and tagged Y+2. Closed the week above Y+1 and midpoint.
Outlook Very serious divergence from ES and NQ in terms of weekly structure. If Dow top out this week, we have a short term swing top that points to much lower prices going into May.
Lawrence's Comment
Recap
Pullback early in the week proven Y-0 as strong support. However, Euro has difficulties in pushing through Y+1. Closed the week near week high and above Y+1.
Outlook
The ...
Dow 30 Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Intense fight at Y-0 for control early in the week. Bulls won the battle and led to breakout above Y+1 and tagged Y+2. Closed the week above Y+1 and midpoint.
Outlook
Very serious divergence from ES and NQ in terms of weekly structure. If Dow top out this week, we have a short term swing top that points to much lower prices going into May.
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