Trading Edges That Last
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Dow 30 Aug 18 to Aug 22 Outlook
Lawrence’s Comment
Support at previous week close gave Dow a platform to go higher. Target Y+2 tagged and then a stop run overnight zoomed YM higher and then collapsed back down to Y+1. Closed the week above Y+1 and midpoint.
Outlook
As mentioned last week the false bottom should give Dow boost back upto Y+2. The pullback is now over. Continuation sell on daily from here points to proper retest of Y-1 and below in coming 2 weeks.
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