Trading Edges That Last
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As Featured In
Dow 30 Mar 28 to Apr 01 Outlook
Lawrence’s Comment
Consolidation after the wide range run is normal. Pullback to near Y-0. Closed the week above Y-0 and near midpoint.
Outlook
No confirmation for a blowoff top as Y-0 was not breached. Retest of Y+1 / B+1 still likely as long as Y-0 holds. B-0 acting as resistance breaking below B-1 / Y-0 will give us a drop back down to FOMC announcement crime scene.
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