Recap Perfect double top on daily sent Dow back down to double top target. Technical buying / short covering started and sent Dow straight back up. Closed the week near Y+1 and above midpoint.
Outlook V-shape reversal points to more upside in store. Y-1 / B-0 now strong support until proven otherwise.
Lawrence's Comment
Recap
Gap up then stalled back below previous week close. That staged a flush to Y-0. Yet Y-0 was not tagged like NQ. And multiple pushes against previous ...
Dow 30 Dec 07 to Dec 11 Outlook
Lawrence’s Comment
Perfect double top on daily sent Dow back down to double top target. Technical buying / short covering started and sent Dow straight back up. Closed the week near Y+1 and above midpoint.
Outlook
V-shape reversal points to more upside in store. Y-1 / B-0 now strong support until proven otherwise.
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