Recap Weekly FBO confirmed with a drop back down to Y-2 normal target. Volatility however makes the move more difficult to deal with for many. Closed the week below Y-1 and midpoint.
Outlook Y-1/ B-0 strong resistance. Down trend on 30-min established. More down side is expected.
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Dow 30 May 02 to May 06 Outlook
Lawrence’s Comment
Weekly FBO confirmed with a drop back down to Y-2 normal target. Volatility however makes the move more difficult to deal with for many. Closed the week below Y-1 and midpoint.
Outlook
Y-1/ B-0 strong resistance. Down trend on 30-min established. More down side is expected.
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