Recap Resistance trend line breakout happened early in the week. Breakout play got us 100% absolute range exapnsion quickly. Closed the week above Y+1 and near week high.
Outlook Consolidation around B+1 until NFP Friday likely.
Lawrence's Comment
Recap
Previous week close defended gave us a run for Y+2. Y+2 tagged and strong reaction there dropped Dow back down to Y+1. Closed the week near Y+1 and midpoint.
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Dow 30 May 30 to Jun 03 Outlook
Lawrence’s Comment
Resistance trend line breakout happened early in the week. Breakout play got us 100% absolute range exapnsion quickly. Closed the week above Y+1 and near week high.
Outlook
Consolidation around B+1 until NFP Friday likely.
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