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
A higher high and higher low on weekly finally formed.
Outlook
As long as Y-1 acts as support, we have a confirmed long term bottom for the pair in ...
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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