Recap Gapped down to our target zone. Then took off and retested Y-0 area. By midweek sold off and broken down below our target zone to close the week.
Outlook A completed head and shoulder formation in place as long as Y-2 acts as resistance, the target is Y-5.
Lawrence's Comment
Recap
Yeary STOPD expansion target Y+1 stopped the run and led to the first significant pullback in months. Directional drop from previous week close straight down to Y-1 and 100% ...
Lawrence's Comment
Recap
Tight range breakout to the upside. Tagged breakout target of Y+3. Closed the week near Y+3 and week high.
Outlook
Consolidation around B+1 likely until NFP Friday.
Dow 30 Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Gapped down to our target zone. Then took off and retested Y-0 area. By midweek sold off and broken down below our target zone to close the week.
Outlook
A completed head and shoulder formation in place as long as Y-2 acts as resistance, the target is Y-5.
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