Recap Was looking for a down move and we got it. Seasonal bias gave us the strong swing down til Thursday. Closed the week below Y-1 and midpoint.
Outlook The seasonal bearish bias was used up last week. If Dow can find a swing bottom early next week Christmas rally will send Dow back up to year high before Christmas.
Lawrence's Comment
Recap
The likely (normal) scenario did not happen and Y-0 was taken out by a gap. Mid gap acted as support and rallied to upside target of Y+1 and ...
Lawrence's Comment
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 ...
Recap
No selloff. No strong rally. Started the week with a 3 push up to Y+1 for a staged selloff back down to Y-1. Rinse and repeat. Closed the week ...
Dow 30 Dec 16 to Dec 20 Outlook
Lawrence’s Comment
Was looking for a down move and we got it. Seasonal bias gave us the strong swing down til Thursday. Closed the week below Y-1 and midpoint.
Outlook
The seasonal bearish bias was used up last week. If Dow can find a swing bottom early next week Christmas rally will send Dow back up to year high before Christmas.
Share