Recap Zoomed higher in early part of the week due to rumors. Once Y+1 area failed to hold this market up, it slided back down to the strong support zone of Y-0 quickly. Closed the week above Y-0.
Outlook As long as Y-0 stays as support for this market, B-0 should be retested. Clearing B-0 will give us B+1 quickly.
Lawrence's Comment
Recap
FBO against Y-1 happened and then head and shoulder bottom was formed on 4 hour. Y-0 cleared and crime scene above where the breakdown started was revisited. Closed the ...
Dow 30 Jun 25 to Jun 29 Outlook
Lawrence’s Comment
Zoomed higher in early part of the week due to rumors. Once Y+1 area failed to hold this market up, it slided back down to the strong support zone of Y-0 quickly. Closed the week above Y-0.
Outlook
As long as Y-0 stays as support for this market, B-0 should be retested. Clearing B-0 will give us B+1 quickly.
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