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
Spike low against Y-1 gave us Y-0 as expected. Y-0 resistance forced a drop back down to Y-1. As gold zoomed higher late in the week, it gave fuel ...
Lawrence's Comment
Recap
Bear flag broken, dropped to B-1 and below as expected. Bounced back up to Y-0 and led to another drop to week low. Closed the week below Y-1 and ...
Lawrence's Comment
Recap
Consolidation as expected. Tight range around previous week close until US NFP came out. Y+2 normal upside target tagged. Closed the week above Y+1 and midpoint.
Outlook
Daily ledge ...
Lawrence's Comment
Recap
No trend as expected. Y-1 acted as support and gave us a drift up until 100% absolute range expansion was reached. Closed the week above Y-0 and midpoint.
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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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