Dow 30 Apr 07 to Apr 11 Outlook

By News Robot

Lawrence’s Comment

Recap
Bear flag on daily successfully sent Dow up to year high and tagged the channel top. Since then Dow collapsed quickly with no pullback at all. Closed the week below Y+1 and midpoint.

Outlook
Potential weekly FBO year high, FBO previous month high and FBO previous week high. Big warning sign that Dow needs to find suckers to buy at the current price level.

Channel support right below B-1 / open gap zone. If Dow can hold the support, moving back up to Y+1 / B-0 likely.

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