Recap Double top setup in place right from the start of the week. Test of Y-0 rejected giving us retest of Y-1 and gapped down to Y-2 and below. The defense of 1000 points round number down swing saved the week. Closed the week near Y-1 and above midpoint.
Outlook Critcal juncture for which Dow is testing double top neckline from below. Not able to hold above B-0 will confirm weaknesses with retest of B-1 likely and below Y-3 also likely.
Lawrence's Comment
Recap
Failed to challenge Y-0, bias for the week to tag Y-2 materialized. At 100% absolute range expansion, cable found support and bounced back up. Closed the week below Y-1 ...
Dow 30 Feb 15 to Feb 19 Outlook
Lawrence’s Comment
Double top setup in place right from the start of the week. Test of Y-0 rejected giving us retest of Y-1 and gapped down to Y-2 and below. The defense of 1000 points round number down swing saved the week. Closed the week near Y-1 and above midpoint.
Outlook
Critcal juncture for which Dow is testing double top neckline from below. Not able to hold above B-0 will confirm weaknesses with retest of B-1 likely and below Y-3 also likely.
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