Recap Bullish expectation worked out with gaps above all taken care of. Op ex pinned Dow below 18000 round number at Y-0 maximizing the damage to both calls and puts buyers. Closed the week above Y-0 and midpoint.
Outlook Y-0 / B-0 strong support until proven otherwise. 3 weeks in a row with expanded range, yet all locked back in the same zone. Major indecision phase with more volatility both ways.
Lawrence's Comment
Recap
Seasonal bearish bias kicked in at the right time and played out nicely into year end. Closed the week near Y-2 and week low.
Outlook
Complicated situation as last ...
Dow 30 Jun 22 to Jun 26 Outlook
Lawrence’s Comment
Bullish expectation worked out with gaps above all taken care of. Op ex pinned Dow below 18000 round number at Y-0 maximizing the damage to both calls and puts buyers. Closed the week above Y-0 and midpoint.
Outlook
Y-0 / B-0 strong support until proven otherwise. 3 weeks in a row with expanded range, yet all locked back in the same zone. Major indecision phase with more volatility both ways.
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