Recap News sent it down to below Y-1. However, Y-1 did not act as resistance, thus the original target of March high is still in play. Gapped thru the March high leading to short squeeze that printed new high for the year.
Outlook The gap now becomes the support zone. It is a large range thus the fight in that area will be complex and messy. As long as the week can close above B-0, a retest of B+1 and new high are likely.
Lawrence's Comment
Recap
A bounce was expected as mentioned last week but the selloff part never happened as central banks around the world decided to interupt the normal functioning of ...
I presents to you the 5th annual stock market forecast based on the Chinese 19-year solar lunar cycle. This is the year of the Roaster which comes after the year ...
Dow 30 Apr 25 to Apr 29 Outlook
Lawrence’s Comment
News sent it down to below Y-1. However, Y-1 did not act as resistance, thus the original target of March high is still in play. Gapped thru the March high leading to short squeeze that printed new high for the year.
Outlook
The gap now becomes the support zone. It is a large range thus the fight in that area will be complex and messy. As long as the week can close above B-0, a retest of B+1 and new high are likely.
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