Recap Right from the start of the week, the up trend was almost broken by the gap down. Dow magically holding the important swing low I mentioned last week and then rallied from there. Rest of the week is just pure struggle within Y-1 and Y+1. Closed the week above midpoint.
Outlook It is rare that Dow can hold a price level so precisely for so many times in a row within 2 weeks.
It was also outside week last week, yet Dow failed to close outside of the Y-1 / Y+1 range. So the struggle continues.
Until Dow is willing to move out of this range, it will continue its erratic move.
Daytrade mode until I see Dow giving me a solid reason to do a swing play.
Lawrence's Comment
Recap
Consolidation at 50% previous week range as expected. Closed the week below Y-1 and midpoint.
Outlook
The end of week breakdown is normal for consolidation at Y-1. It is not a ...
Overview
Emini overnight range 2081.00 up to 2104.75 (at 9:00 am)
Overnight Midpoint 2093.00
Previous Week Close 2093.75
Emini S&P is now trading at the bottom part of its range with ...
Dow 30 Feb 11 to Feb 15 Outlook
Lawrence’s Comment
Right from the start of the week, the up trend was almost broken by the gap down. Dow magically holding the important swing low I mentioned last week and then rallied from there. Rest of the week is just pure struggle within Y-1 and Y+1. Closed the week above midpoint.
Outlook
It is rare that Dow can hold a price level so precisely for so many times in a row within 2 weeks.
It was also outside week last week, yet Dow failed to close outside of the Y-1 / Y+1 range. So the struggle continues.
Until Dow is willing to move out of this range, it will continue its erratic move.
Daytrade mode until I see Dow giving me a solid reason to do a swing play.
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