Dow 30 May 25 to May 29 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation week before Memorial holiday is the norm and we got exactly that last week. Tight range consolidation around Y+1. Closed the week below Y+1 and midpoint.

Outlook
Mild bearish reading in custom market breadth points to pullback on daily in the making. Once B-1 is breached, we can expect 100% expansion to the downside for which last week was extreme tight range.

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