Dow 30 Jul 22 to Jul 26 Outlook

By News Robot

Lawrence’s Comment

Recap
Option expiration week locked Dow around Y+1 even though the mid week pop tried hard to force Dow to go much higher. Closed the week above midpoint and Y+1.

Outlook
Seasonal bullish strength ends last week. From here onward the upside will be very limited with risk to the downside growing. A break of B-1 points to at least a retest of the round number 15000.

2nd half of July is known for sideway downward actions. Plan your trades accordingly.

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