Recap As expected, one of the extremes (our downside target) tagged by the end of the week. The interesting thing is that most part of this past week was a struggle to not getting there. Closed at the low of the week.
Outlook This kind of price movement behaviour is more common in forex than in the stock market indices.
A snap back up to B-0 is very likely. From there, it depends on the strength of the other 2 indices whether further upside is possible.
Lawrence's Comment
Recap
Bounced back up in tight range around Y-1 is normal after the sudden wide range reversal. Closed the week above Y-1 and midpoint.
Outlook
As long as Y-1 / ...
Dow 30 Jun 13 to Jun 17 Outlook
Lawrence’s Comment
As expected, one of the extremes (our downside target) tagged by the end of the week. The interesting thing is that most part of this past week was a struggle to not getting there. Closed at the low of the week.
Outlook
This kind of price movement behaviour is more common in forex than in the stock market indices.
A snap back up to B-0 is very likely. From there, it depends on the strength of the other 2 indices whether further upside is possible.
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