Recap Dow dropped to Y-0 early in the week. Since then it has trouble getting back up to previous week close. Bear flag actions led to further downside actions with Y-1 tagged and then breached. Closed the week near Y-1 and below midpoint.
Outlook Weakest one among the 3 major indices. Potential breakdown move if Y-1 acting as resistance and led to a flush down to B-2.
Dow 30 Aug 10 to Aug 14 Outlook
Lawrence’s Comment
Dow dropped to Y-0 early in the week. Since then it has trouble getting back up to previous week close. Bear flag actions led to further downside actions with Y-1 tagged and then breached. Closed the week near Y-1 and below midpoint.
Outlook
Weakest one among the 3 major indices. Potential breakdown move if Y-1 acting as resistance and led to a flush down to B-2.
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