Dow 30 Jun 29 to Jul 03 Outlook

By News Robot

Lawrence’s Comment

Recap
As explained last week, Dow was locked in range and it happened again. Y+1 resistance sent Dow straight back down to Y-0 and stuck there. Closed the week near Y-0 and below midpoint.

Outlook
Y-0 / B-0 now strong resistance until proven otherwise. A break of B-1 will lead to quick flush down to B-2 and below to continue the range expansion to the down side.

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