Recap Consolidation around previous week close. Found resistance from Y+1 / week mid later in the week. Closed the week above Y-0 and below midpoint.
Outlook Potential spike and ledge in place. Break of B-1 points to B-3 first target. As long as B-1 holds, Dow still in good position to challenge B+1 again.
Mid-day Update: Emini S&P tested the previous quarter breakdown zone (i.e. crime scene) from below and is being rejected on this first try. Bird eye’s view below ...
Lawrence's Comment
Recap
Spent most part of the week above Y-0 and right below Y+1 but failed to make a push above Y+1. Then the pair simply dropped through Y-0 as if ...
ContentReviewEuro Breakdown Mode BeginsS&P Done with the UpsideGold Consolidation ContinuesBig Picture SummaryReviewEuro pullback to retest the breakout down channel top turned into all out selloff for a new low, filling ...
Dow 30 Jan 06 to Jan 10 Outlook
Lawrence’s Comment
Consolidation around previous week close. Found resistance from Y+1 / week mid later in the week. Closed the week above Y-0 and below midpoint.
Outlook
Potential spike and ledge in place. Break of B-1 points to B-3 first target. As long as B-1 holds, Dow still in good position to challenge B+1 again.
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