Trading Edges That Last
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Dow 30 Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Previous week close defended gave us a run for Y+2. Y+2 tagged and strong reaction there dropped Dow back down to Y+1. Closed the week near Y+1 and midpoint.
Outlook
Potential FBO against Y+1 in place with targets Y-0 and Y-1 in play. As long as Y+1 /B+1 zone continues to serve as resistance, all attempts to go higher will fail.
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