Lawrence's Comment
Recap
As stated last week, stairstep rally in place. Upside target of Y+2 tagged by end of the week.
Outlook
Stairstep rally is very difficult to snap out of, thus it ...
Lawrence's Comment
Recap
Consolidated around Y+1 and then breakout upside failed. That gave us the Y-0 retest. Y-0 tagged eventually. Closed the week above Y-0 and below midpoint.
Outlook
Still bullish on daily but ...
Dow 30 Aug 13 to Aug 17 Outlook
Lawrence’s Comment
Went higher as expected. Then consolidated above Y+1. Closed the week at week high.
Outlook
More upside expected early next week.
Sudden reversal near Y+2 points to a drop to B-2.
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