Recap Completely failed to see what was coming last week. NFP bias worked out well last week even though signs of over extension was in place. Dow held Y-0 and took off to almost Y+5 by Friday. Closed the week above Y+4 and midpoint.
Outlook Consolidation week with 50% range expected. If B+1 acts as resistance there is a good chance of B-0 tagging this week or next.
Dow 30 Jun 09 to Jun 13 Outlook
Lawrence’s Comment
Completely failed to see what was coming last week. NFP bias worked out well last week even though signs of over extension was in place. Dow held Y-0 and took off to almost Y+5 by Friday. Closed the week above Y+4 and midpoint.
Outlook
Consolidation week with 50% range expected. If B+1 acts as resistance there is a good chance of B-0 tagging this week or next.
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