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.
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.
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