Recap Collapsed down to target as expected BUT that is not shown in the chart because the selloff happened in afterhours. Bounced off that afterhours low and never looked back. Rallied to fill the closest upside gap before stalling. Closed the week above Y-0 and B-0.
Outlook As Y-1 was rejected and traded higher since, the target of B+1 will be tagged someway. During this upcoming light volume week and a long weekend, stock market has higher odds in drifting up.
Lawrence's Comment
Recap
Rallied from the support zone mentioned last week and tagged Y+2 and above as expected. Y+3 crime scene tagged and stopped the run up. Closed the week near Y+2 ...
Dow 30 Aug 29 to Sep 02 Outlook
Lawrence’s Comment
Collapsed down to target as expected BUT that is not shown in the chart because the selloff happened in afterhours. Bounced off that afterhours low and never looked back. Rallied to fill the closest upside gap before stalling. Closed the week above Y-0 and B-0.
Outlook
As Y-1 was rejected and traded higher since, the target of B+1 will be tagged someway. During this upcoming light volume week and a long weekend, stock market has higher odds in drifting up.
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