Recap Weakest of the 3 major indices. The dirty bottom mentioned last week was being retested by the end of the week. Closed the week below Y-3 and near week low.
Outlook Directional momentum moves cannot be stopped easily. More downside is expected. Until B-1 turning into support after flushed through, we do not have a strong case for counter-trend bounce play.
Lawrence's Comment
Recap
A weak version of what happened to Dow. 50% previous week range. Closed the week at Y+1 / previous week close and below midpoint.
Outlook
If we are getting a spike ...
Lawrence's Comment
Recap
Y-1 to Y-0 has acted as resistance so far this week as price failed to move outside of this range.
Outlook
If a sell formation shows up in B-0 to ...
Lawrence's Comment
Recap
Wild consolidation indeed. Aussie spiked up and down around Y+1 as expected and ended the week lower above Y-0 and near week low.
Outlook
Price above Y+1 is now decisively rejected. ...
Dow 30 Jul 27 to Jul 31 Outlook
Lawrence’s Comment
Weakest of the 3 major indices. The dirty bottom mentioned last week was being retested by the end of the week. Closed the week below Y-3 and near week low.
Outlook
Directional momentum moves cannot be stopped easily. More downside is expected. Until B-1 turning into support after flushed through, we do not have a strong case for counter-trend bounce play.
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