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.
Lawrence's Comment
Recap
Breakout above Y+1 forced shorts to give up and a drift back up to the crime scene where the original strong selloff reaction started. Once the crime scene was ...
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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