Recap Gap down but ran back up immediately to close the gap. Then failed to push higher and flushed down to Y-1 to test the support. Took off from there and breached Y+1 in 1 go. Yet failed again to go higher and stalled back down to Y-1. Still could not break the support and zoomed back up. Closed the week above Y-0 and midpoint.
Outlook Same midpoint as last week. Outside week with up close. Breakout mode with bullish bias. Can zoom to B+2 very quickly if it is playing out like a repeat of the last 3 month ends.
Lawrence's Comment
Recap
Consolidation around Y+1 at equal distance. 50% range bounded the week nicely. Closed the week near Y+1 and midpoint.
Outlook
As long as B+1 acting as resistance we ...
Dow 30 Mar 25 to Mar 29 Outlook
Lawrence’s Comment
Gap down but ran back up immediately to close the gap. Then failed to push higher and flushed down to Y-1 to test the support. Took off from there and breached Y+1 in 1 go. Yet failed again to go higher and stalled back down to Y-1. Still could not break the support and zoomed back up. Closed the week above Y-0 and midpoint.
Outlook
Same midpoint as last week. Outside week with up close. Breakout mode with bullish bias. Can zoom to B+2 very quickly if it is playing out like a repeat of the last 3 month ends.
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