Recap Multiple gap down early in the week was defended at Y-0. Eventually, breakout of the bull flag and led to a run to target above Y+1. Reverse waterfall effect sent Dow straight up to above Y+2. Closed the week above Y+2 and near week high.
Outlook Blow off top in the making. No one can tell how far it will go but a sharp drop back down to below B-0 on weekly closing basis will confirm the rally is over.
Lawrence's Comment
Recap
Consolidation whole week. 50% range of the week prior. Closed the week at midpoint above Y-1.
Outlook
No real direction will be established until the politicians / governments sort out ...
Lawrence's Comment
Recap
NQ consolidated around Y+1 and broken out to the upside. Earnings sent NQ straight up to Y+4. Closed the week above Y+4 and near week high.
Outlook
Too much ...
Lawrence's Comment
Recap
NQ gapped down to sell off target right off the start of the week. Long term channel support turned into resistance leading to trend sell all week. Closed the ...
Dow 30 Mar 21 to Mar 25 Outlook
Lawrence’s Comment
Multiple gap down early in the week was defended at Y-0. Eventually, breakout of the bull flag and led to a run to target above Y+1. Reverse waterfall effect sent Dow straight up to above Y+2. Closed the week above Y+2 and near week high.
Outlook
Blow off top in the making. No one can tell how far it will go but a sharp drop back down to below B-0 on weekly closing basis will confirm the rally is over.
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