Dow 30 May 06 to May 10 Outlook

By News Robot

Lawrence’s Comment

Recap
Dow break above Y+1 early in the week points to the potential to tag Y+2 later. It was done with another huge gap to the upside. Closed the week above Y+2 and near week high.

Outlook
A clear up trendline support is now defined from the price actions over past 2 weeks. If Dow fails to go higher early this week, a pullback to fill the gap below is very likely. The support trendline may be retest at the same time when the gap is filled.

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