Dow 30 Jan 26 to Jan 30 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation with a twist – huge intraday volatility. Other than that, equal distance from Y-0 and open points to a normal week of consolidation after the wild week prior. Closed the week above Y-0 and midpoint.

Outlook
Inside week with Y-0 and B-0 near each other. For a bear flag on daily the run from last week was too steep. For a reversal, it is too choppy and slow. We are looking at further consolidation this week until one side gives up.

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