Dow 30 Oct 10 to Oct 14 Outlook

By News Robot

Lawrence’s Comment

Recap
Broken below our support zone, but successfully staged a double bottom to blast the price up right underneath. That puts Y-0 into play. Reached Y-0 in midweek and ended the week at Y-0.

Outlook
The end of week potential double top if materialized, will get Dow back down to at least B-0 area. That also confirms the down trend, meaning that as long as Y-0 to B+1 acts as resistance, we should see a retest of B-1 in a week or 2.

Share

  • You must be logged in to comment. Log in