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
Y-1 acted as support. Without news shock euro is now stuck. Closed the week near Y-0.
Outlook
Inside week and clear compression across many markets. No point rushing in ...
Lawrence's Comment
Recap
Aussie followed its peers and collapsed down to 100% range expansion. Closed the week below Y-2 and near week low.
Outlook
Consolidation likely as long as Y-3 acts as ...
Lawrence's Comment
Recap
As expected consolidation within Y-0 to Y+1. Ended the week by expanding to, what else, 50% aboslute expansion. Someone playing the game from a script.
Outlook
Bounced off Y-0 ...
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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