Recap Dow in consolidation mode until trouble in Asia spreaded. Sell shock produced a 100% expansion off the tight range and Y-2 was tagged. Closed the week near Y-2 and week low.
Outlook 17000 round number strong support. Spike low early in the week will give us a platform for year end rally.
Overview
Emini overnight range 2032.50 up to 2052.00 (at 9:05 am)
Overnight Midpoint 2042.25
Previous Week Close 2040.75
Emini S&P is now trading at the top part of its range with ...
Dow 30 Dec 14 to Dec 18 Outlook
Lawrence’s Comment
Dow in consolidation mode until trouble in Asia spreaded. Sell shock produced a 100% expansion off the tight range and Y-2 was tagged. Closed the week near Y-2 and week low.
Outlook
17000 round number strong support. Spike low early in the week will give us a platform for year end rally.
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