Recap Dow moved back to 18000 before its wild swings lower. All week gaps not filled and price actions going wild. Closed the week above Y-2 and below midpoint.
Outlook As explained in my newsletter for premium members, a correction is expected to start from the beginning of March and can last 1 to 2 months. The correction is now underway and it will not be an orderly environment.
Lawrence's Comment
Recap
Cable found support at Y-0 and eventually challenged Y+1 and then the break down crime scene I mentioned last week. Thatès all it can do and the selloff started. ...
Lawrence's Comment
Recap
Compression as expected. FBO against Y+1 later in the week did not lead to a breakdown as situation with Greece has no decision yet. Closed the week above Y-0 ...
Lawrence's Comment
Recap
Higher low was made with a drift up until 100% absolute range reached. Closed the week near Y+1 and above midpoint.
Outlook
Instead of forming a good bottom, ninja was forced ...
Dow 30 Mar 16 to Mar 20 Outlook
Lawrence’s Comment
Dow moved back to 18000 before its wild swings lower. All week gaps not filled and price actions going wild. Closed the week above Y-2 and below midpoint.
Outlook
As explained in my newsletter for premium members, a correction is expected to start from the beginning of March and can last 1 to 2 months. The correction is now underway and it will not be an orderly environment.
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