Dow 30 May 18 to May 22 Outlook

By News Robot

Lawrence’s Comment

Recap
Y+1 acted as resistance sending Dow back down to the open gap below. Once tagged, Dow bounced back quickly and held the 18000 round number. News shock sent Dow higher clearing Y+1. Closed the week above Y+1 and near week high.

Outlook
Dow in a complex rising wedge structure that can easily snap back down to B-0 and below if Y+1 fails to act as support.

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