Recap Breadth weaknesses dictate the week even though there were multiple attempts to rally the market back up. Closed the week below Y-0 and midpoint.
Outlook B-0 / Y-0 zone resistance until proven otherwise. Need that to turn into support before Dow can move higher.
Lawrence's Comment
Recap
The week started out as expected with a pop going higher to take care of the gap above and tested the resistance in 1 go. Then NQ total collapse ...
Dow 30 Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Breadth weaknesses dictate the week even though there were multiple attempts to rally the market back up. Closed the week below Y-0 and midpoint.
Outlook
B-0 / Y-0 zone resistance until proven otherwise. Need that to turn into support before Dow can move higher.
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