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
Rare case scenario opened above the top of the resistance zone mentioned last week. That triggered a strong squeeze to above Y-0. Tricky but not unexpected. Upside push to ...
Overview
Emini overnight range 2148.00 to 2161.50 (at 9:00 am)
Overnight Midpoint 2154.75
Previous Week Close 2160.50
Battleplan for the Day
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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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