Recap Dow tried to hold support all week but failed to clear Y+1 resistance. Friday breakdown move flushed to Y-3 directly. Closed the week near Y-3 and week low.
Outlook More downside is expected, difficult to find the right spot to jump on board this selloff due to coiled up volatility.
Dow 30 Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Dow tried to hold support all week but failed to clear Y+1 resistance. Friday breakdown move flushed to Y-3 directly. Closed the week near Y-3 and week low.
Outlook
More downside is expected, difficult to find the right spot to jump on board this selloff due to coiled up volatility.
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