Trading Edges That Last
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Dow 30 May 14 to May 18 Outlook
Lawrence’s Comment
Comparing to S&P, Dow dropped more significantly and displayed weaker price action all week. Of course, we now know JPM was the reason.
Outlook
Similar to S&P, Dow has to find a bottom quickly next week.
Either rally right off the beginning of the week with B-0 turning into support, or finding a bottom quickly above B-2 is needed for any hope that Dow can rally back to B+1.
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