Recap Dow pushed towards Y+2 and gap thru. Tagged 18500 and stalled. Closed the week above Y+2 and midpoint.
Outlook Cannot time the end of a parabolic move but if it ending, the initial drop can be very sudden. Be ready for a snapback down to Y-0 area where this last push up started.
Lawrence's Comment
Recap
Sold off as expected. Target Y-3 tagged. Easy weekly move completed. Closed the week near Y-2 and midpoint.
Outlook
Gaps above B+1 and below B-1 are in play once ...
Dow 30 Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Dow pushed towards Y+2 and gap thru. Tagged 18500 and stalled. Closed the week above Y+2 and midpoint.
Outlook
Cannot time the end of a parabolic move but if it ending, the initial drop can be very sudden. Be ready for a snapback down to Y-0 area where this last push up started.
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