Dow 30 Feb 29 to Mar 04 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected the squeeze driven rally did not last. Sharp pullback below Y-0 to close the open gap below happened first. Since then renew buying took Dow to Y+2 and stalled. Closed the week above Y+1 and midpoint.

Outlook
Dow tagged the resistance zone and stalled since does not really tell us anything useful yet. If Dow fails to clear B+1 again, a sharp drop back down to below B-1 is likely.

Share

  • You must be logged in to comment. Log in