Recap As expected we got the pull back I was looking for, but the target of Y-0 was not tagged. Instead, Dow stopped above it when 100% absolute range expansion was reached. Bounced above midpoint to close the week.
Outlook Difficult week to trade – lower volume due to year end, holiday season, and a not so ordinary quarterly option expiration.
Will stay of the trading unless something compelling comes up.
e.g. a quick break of B-1 with that turning into resistance, will be interested in the selloff down to B-2 as a minimum.
Lawrence's Comment
Recap
Broken below Y-0 early in the week, points to a push towards Y-1. We got the drop later in the week but Y-1 was not tagged as ...
Dow 30 Dec 12 to Dec 16 Outlook
Lawrence’s Comment
As expected we got the pull back I was looking for, but the target of Y-0 was not tagged. Instead, Dow stopped above it when 100% absolute range expansion was reached. Bounced above midpoint to close the week.
Outlook
Difficult week to trade – lower volume due to year end, holiday season, and a not so ordinary quarterly option expiration.
Will stay of the trading unless something compelling comes up.
e.g. a quick break of B-1 with that turning into resistance, will be interested in the selloff down to B-2 as a minimum.
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