Recap Started the week with a mild bounce as expected. After breakdown below Y-1, no support until Y-2 as stated last week. Tagged Y-2 and holding there since. Closed the week below midpoint and above Y-2.
Outlook Option expiration week updrift failure often leads to another wild swinging week. Will not be surprised that Dow can gap up tagging Y-1 and selling all the way back down to B-1 within next week. Very volatile condition means better for daytrade than swing trade.
Lawrence's Comment
Recap
ES failed to clear Y+1, gave us a run for Y-0. Y-0 tagged and bounced. Failed to clear previous week close like Dow has opened the door to break ...
Lawrence's Comment
Recap
S&P followed Dow's lead broke out upside. Stopped going higher right below 100% absolute range expansion when Dow completed its run. Immediately collapsed back down to previous week close. ...
Dow 30 Nov 19 to Nov 23 Outlook
Lawrence’s Comment
Started the week with a mild bounce as expected. After breakdown below Y-1, no support until Y-2 as stated last week. Tagged Y-2 and holding there since. Closed the week below midpoint and above Y-2.
Outlook
Option expiration week updrift failure often leads to another wild swinging week. Will not be surprised that Dow can gap up tagging Y-1 and selling all the way back down to B-1 within next week. Very volatile condition means better for daytrade than swing trade.
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