Dow 30 Mar 31 to Apr 04 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected, there was no directional play last week. Dow was trapped inside Y+1 and Y-1. Easy 2-way plays every other day. Closed the week near Y-0 and below midpoint.

Outlook
Not quite inside week but range definitely reduced further. The compression has now grown stronger.

2 unique chart patterns stand out at swing level.

First, a bear flag / up channel with resistance developed above at the all time high area.

Second, upside triangle with support trend line lining up from the week lows over past 3 weeks. Breaking that will lead to at least B-3.

Share

  • You must be logged in to comment. Log in