Recap Instead of selling right off the start of the week, the 3 stock market indices chose to form a bigger top and sold off hard the rest of the week. Our projection of a week long pullback nailed that and Dow closed the week above Y-1 after trading below that briefly.
Outlook Dow rejected Y-1 meaning that it wants to go higher from here as long as Y-1 down to B-1 acts as support.
Early in the week if we get a buy setup, a strong rally taking Dow back up to fill the gaps above.
Lawrence's Comment
Recap
Moved lower in the beginning of the week as expected. Reversal from there to challenge Y-0 and gave us the Y+1 run. Closed at week high and right below ...
Dow 30 Nov 21 to Nov 25 Outlook
Lawrence’s Comment
Instead of selling right off the start of the week, the 3 stock market indices chose to form a bigger top and sold off hard the rest of the week. Our projection of a week long pullback nailed that and Dow closed the week above Y-1 after trading below that briefly.
Outlook
Dow rejected Y-1 meaning that it wants to go higher from here as long as Y-1 down to B-1 acts as support.
Early in the week if we get a buy setup, a strong rally taking Dow back up to fill the gaps above.
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