Recap We got the down side target right at the start of the week. Excuse to go lower immediately used up. Dow drifted higher since. Not even ECB news can affect its NFP play. Closed the week above Y+2 and midpoint.
Outlook As long as B+1 acting as resistance, good chance Dow will be forced back down to retest Y+1 / B-0 zone.
Lawrence's Comment
Recap
Y-1 support sent cable back up to Y-0. Y-0 resistance dropped cable down to 1.49 round number. 1-2-3 buy on 4 hour sent it back up to Y-1 and ...
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Lawrence's Comment
Recap
Seasonal year end updrift bias did not help the indices one bit. Fiscal cliff became an excuse to dump the indices to new low. Closed the week ...
Dow 30 Dec 08 to Dec 12 Outlook
Lawrence’s Comment
We got the down side target right at the start of the week. Excuse to go lower immediately used up. Dow drifted higher since. Not even ECB news can affect its NFP play. Closed the week above Y+2 and midpoint.
Outlook
As long as B+1 acting as resistance, good chance Dow will be forced back down to retest Y+1 / B-0 zone.
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