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
Y-0 breached to the downside after a weak attempt to push higher failed. Y-1 tagged and Aussie stayed weak since. Closed the week below midpoint and near Y-1.
Outlook
As ...
Lawrence's Comment
Recap
Did not get the upside breakout I am looking for. Aussie failed to push higher and slided down to below Y-1. Pullback failed to clear Y-0 and selloff from ...
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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