Dow 30 Feb 01 to Feb 05 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation actions within Y+1 and Y-0 as expected until FOMC announcement. Breakout to the upside and filled the open gap above. Closed the week above Y+1 and near week high.

Outlook
Y+2 target not tagged yet and should be taken care of quickly next week. Limited upside potential with B+2 potential exhaustion run target.

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