Recap Intense fight at Y-0 for control early in the week. Bulls won the battle and led to breakout above Y+1 and tagged Y+2. Closed the week above Y+1 and midpoint.
Outlook Very serious divergence from ES and NQ in terms of weekly structure. If Dow top out this week, we have a short term swing top that points to much lower prices going into May.
Lawrence's Comment
Recap
Consolidation around Y+1 with 50% previous week range. Closed the week at Y+1.
Outlook
Breaking about B+1 should give us B+2 quickly.
The unlikely scenario is that B-1 is breached ...
Dow 30 Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Intense fight at Y-0 for control early in the week. Bulls won the battle and led to breakout above Y+1 and tagged Y+2. Closed the week above Y+1 and midpoint.
Outlook
Very serious divergence from ES and NQ in terms of weekly structure. If Dow top out this week, we have a short term swing top that points to much lower prices going into May.
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