Dow 30 May 23 to May 27 Outlook

By News Robot

Lawrence’s Comment

Recap
Bearish down trend in force all week. 100% absolute range expansion led to a strong bounce. Closed the week near Y-1 and below midpoint.

Outlook
Breaking above down trend line resistance points to a rush back up to B+1 and above. Failing to clear B-0 on daily closing basis will give us a drop back down to test B-1 and below.

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