Recap Dow held up at top zone around Y+1. Event driven breakout gave us 100% expansion off the tight range. Closed the week above Y+1 and midpoint.
Outlook Test of year high in progress. Failing to clear it will lead to sell off back down to at least B-1 and likely B-2. This is first test of the year high, the selloff expected is not necessary something bearish on long term basis.
Lawrence's Comment
Recap
Resistance at previous week close kept NQ from going higher with the other 2 indices. A flush back down to pre-break out crime scene produced a sharp rally clearing ...
Lawrence's Comment
Recap
ES follow through with its breakout above its 3 pushes down pattern on 30-min. Cleared Y+1 and tagged Y+2 quickly. Since then going sideway the rest of the week. ...
Dow 30 Aug 15 to Aug 19 Outlook
Lawrence’s Comment
Dow held up at top zone around Y+1. Event driven breakout gave us 100% expansion off the tight range. Closed the week above Y+1 and midpoint.
Outlook
Test of year high in progress. Failing to clear it will lead to sell off back down to at least B-1 and likely B-2. This is first test of the year high, the selloff expected is not necessary something bearish on long term basis.
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