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.
Received quite a number of emails asking what kind of secret projects I am working on for the site. Well, it is the same ones I have been working on ...
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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