Recap Sold off early in the week holding Y-1 and immediately retested Y+1. Midweek selloff produced a higher low and by Friday, broke out above Y+1 and tagged Y+2.
Outlook IHS visible on 30-minute and higher timeframe points to 12000 area.
IHS confirmed failure means a selloff breaking below B-0 will send it back down to B-2 quickly.
Lawrence's Comment
Recap
Consolidation around previous week close at 50% range. End of week rally took Dow back up. Closed the week above Y-1 and midpoint.
Outlook
Consolidation week with up close ...
Dow 30 Oct 24 to Oct 28 Outlook
Lawrence’s Comment
Sold off early in the week holding Y-1 and immediately retested Y+1. Midweek selloff produced a higher low and by Friday, broke out above Y+1 and tagged Y+2.
Outlook
IHS visible on 30-minute and higher timeframe points to 12000 area.
IHS confirmed failure means a selloff breaking below B-0 will send it back down to B-2 quickly.
Share