Trading Edges That Last
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As Featured In
Dow 30 Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Strong gap up right from the beginning of the year and stuck in a tight range since. Closed the week at midpoint. The weekly price level on last week in the chart is incorrect.
Outlook
A breakout formation is in place. Breaking below the low of the week points to retesting Y-1 as the first target.
Limited upside potential unless a sudden intervention on euro. If that happens B+2 is the next upside target.
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