Recap Dow pullback from Y+1 down to Y-0 was expected and unfolded early in the week. When it fails to hold Y-0, the drop turned into all out sell off down to the price level before FOMC announcement. Closed the week near Y-1 and below midpoint.
Outlook Outside down week is very bearish with strong resistance now at B-0. A drift back up to B-0 is possible but not necessary.
Lawrence's Comment
Recap
Took no time to tag Y+2. Pullback right after bounced off Y+1. That points to more upside potential. Eventually breakout above Y+2 and completed 100% absolute range ...
Lawrence's Comment
Recap
No trend as expected. Y-1 acted as support and gave us a drift up until 100% absolute range expansion was reached. Closed the week above Y-0 and midpoint.
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Dow 30 Mar 30 to Apr 03 Outlook
Lawrence’s Comment
Dow pullback from Y+1 down to Y-0 was expected and unfolded early in the week. When it fails to hold Y-0, the drop turned into all out sell off down to the price level before FOMC announcement. Closed the week near Y-1 and below midpoint.
Outlook
Outside down week is very bearish with strong resistance now at B-0. A drift back up to B-0 is possible but not necessary.
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