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.
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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