Dow 30 May 02 to May 06 Outlook

By News Robot


Lawrence’s Comment

Recap
As expected, more upside resulted. Almost made it to 100% absolute range expansion. That is a very impressive push towards 13000.

Outlook
The rally is in melt up style implying the end of this rally that started from March is coming soon. But knowing the rally is near an end does not translate into shorting this rally now.
The momentum of last week can limit the range of any pullback and a retest of B+1 is very likely. In fact, new high is also very likely.

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