Recap Early part of the week rallied to Y-0 as expected. But then news shock sent Dow straight down to Y-1. W. spring off Y-1 pushed Dow back up to Y-0 but it can no longer move above Y-0 since. Closed the week at midpoint.
Outlook Coil up pattern. Break out above B+1 will zoom Dow back up to B+2.
Otherwise another week of consolidation is likely.
Lawrence's Comment
Recap
Tight range sideway market. Made new low by end of the week. Closed the week above Y-1.
Outlook
As expected we got more weaknesses in ninja but there was ...
Lawrence's Comment
Recap
The thin up channel broken to the downside from a FBO against Y+1. Almost tagged Y-2 target mentioned last week. Easiest play of the week. Closed the week near ...
Dow 30 May 28 to Jun 01 Outlook
Lawrence’s Comment
Early part of the week rallied to Y-0 as expected. But then news shock sent Dow straight down to Y-1. W. spring off Y-1 pushed Dow back up to Y-0 but it can no longer move above Y-0 since. Closed the week at midpoint.
Outlook
Coil up pattern. Break out above B+1 will zoom Dow back up to B+2.
Otherwise another week of consolidation is likely.
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