Recap Sell climax recorded in market breadth on Monday. Rally all the way back to our target Y+1 and exceeded that to almost reaching the 2nd target Y+2. Closed the week at the high.
Outlook More upside is expected but this is last week of the year. A slow drift up is more likely.
Strong support is previous year close which is probably the intention that dow will stay above that by close of this year.
Lawrence's Comment
Recap
Euro went lower as expected. Strong reaction several times to stop the drop yet not able to change the course. Closed the week below Y-1 and midpoint.
Outlook
Critical week with ...
Dow 30 Dec 26 to Dec 30 Outlook
Lawrence’s Comment
Sell climax recorded in market breadth on Monday. Rally all the way back to our target Y+1 and exceeded that to almost reaching the 2nd target Y+2. Closed the week at the high.
Outlook
More upside is expected but this is last week of the year. A slow drift up is more likely.
Strong support is previous year close which is probably the intention that dow will stay above that by close of this year.
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