Recap Pullback to Y-0 and collapsed. Y-1 defended on first touch but failed to hold upon 2nd time. Closed the week below Y-0 and near midpoint.
Outlook Retest of Y-0 resistance potential but not necessary. 3 pushes down pattern points to the same upside target. Potential down channel in the making on daily.
Dow 30 May 09 to May 13 Outlook
Lawrence’s Comment
Pullback to Y-0 and collapsed. Y-1 defended on first touch but failed to hold upon 2nd time. Closed the week below Y-0 and near midpoint.
Outlook
Retest of Y-0 resistance potential but not necessary. 3 pushes down pattern points to the same upside target. Potential down channel in the making on daily.
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