Recap Sell climax recorded in market breadth on Monday. Rally all the way back to our target Y+1 and exceeded that to almost reaching the 2nd target Y+2. Closed the week at the high.
Outlook More upside is expected but this is last week of the year. A slow drift up is more likely.
Strong support is previous year close which is probably the intention that dow will stay above that by close of this year.
Lawrence's Comment
Recap
Rallied to the upside target of Y+2. Found resistance and sold off back down to Y-0 support. Y-0 could not hold it up, resulted in directional slide down to ...
Lawrence's Comment
Recap
The easy play of the week. Cable dropped below Y-1 and snap back up immediately gave us the long setup. Steady up drift. Closed the week above Y-0 and ...
Dow 30 Dec 26 to Dec 30 Outlook
Lawrence’s Comment
Sell climax recorded in market breadth on Monday. Rally all the way back to our target Y+1 and exceeded that to almost reaching the 2nd target Y+2. Closed the week at the high.
Outlook
More upside is expected but this is last week of the year. A slow drift up is more likely.
Strong support is previous year close which is probably the intention that dow will stay above that by close of this year.
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