Recap As noise coming from various events dying down, normal behaviour came back. A breakout of Y+1 points to Y+2 target for the week. That was completed by Friday.
Outlook The reaction to Y+2 implies a pullback to B-0 is likely. If B-0 acts as a platform, B+1 will be challenged and B+2 is the next likely upside target.
Lawrence's Comment
Recap
NQ attempt Y+1 and produced a FBO on daily. This gives us Y-1 target. NQ sold off to 100% absolute range and tried to bounce. Closed the week below ...
Dow 30 Apr 04 to Apr 08 Outlook
Lawrence’s Comment
As noise coming from various events dying down, normal behaviour came back. A breakout of Y+1 points to Y+2 target for the week. That was completed by Friday.
Outlook
The reaction to Y+2 implies a pullback to B-0 is likely. If B-0 acts as a platform, B+1 will be challenged and B+2 is the next likely upside target.
Share