Recap Dow pushed towards Y+2 and gap thru. Tagged 18500 and stalled. Closed the week above Y+2 and midpoint.
Outlook Cannot time the end of a parabolic move but if it ending, the initial drop can be very sudden. Be ready for a snapback down to Y-0 area where this last push up started.
Lawrence's Comment
Recap
Did not comment on euro last week due to technical issues with the post not added proper. Y+1 acted as resistance leading to a quick break below ...
Dow 30 Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Dow pushed towards Y+2 and gap thru. Tagged 18500 and stalled. Closed the week above Y+2 and midpoint.
Outlook
Cannot time the end of a parabolic move but if it ending, the initial drop can be very sudden. Be ready for a snapback down to Y-0 area where this last push up started.
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