Recap Consolidation actions after wide range expansion was normal. ECB decisions sparked wild swings both ways. Y-0 support gave us a run for Y+2 but not enough time to get there. Closed the week above Y+1 and near week high.
Outlook Y+2 still in play. FBO against B+1 points to quick drop back down to Y+1 / B-0 and deeper fall back down to B-2 and below.
Lawrence's Comment
Recap
A mysterious week indeed. Despite all factors going against the market, Dow and ES matched straight up clearing their resistances and landed ES at 1500 area. Closed the week ...
Dow 30 Mar 14 to Mar 18 Outlook
Lawrence’s Comment
Consolidation actions after wide range expansion was normal. ECB decisions sparked wild swings both ways. Y-0 support gave us a run for Y+2 but not enough time to get there. Closed the week above Y+1 and near week high.
Outlook
Y+2 still in play. FBO against B+1 points to quick drop back down to Y+1 / B-0 and deeper fall back down to B-2 and below.
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