Lawrence’s Comment
Recap Was looking for 2nd consolidation week and got exactly that. Inside week with close below midpoint near Y-0.
Outlook
Coiling up with 2 weeks in a row closing at around same price level again. Indecision.
Breakout mode in place. A break out of this range will be a very powerful move no matter it is going to the upside or the downside.
May take a few more weeks to consolidate if there is no event driving the market in a particular direction.
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Dow 30 Apr 02 to Apr 06 Outlook
Lawrence’s Comment
Was looking for 2nd consolidation week and got exactly that. Inside week with close below midpoint near Y-0.
Outlook
Coiling up with 2 weeks in a row closing at around same price level again. Indecision.
Breakout mode in place. A break out of this range will be a very powerful move no matter it is going to the upside or the downside.
May take a few more weeks to consolidate if there is no event driving the market in a particular direction.
Share