Trading Edges That Last
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As Featured In
Dow 30 Nov 23 to Nov 27 Outlook
Lawrence’s Comment
Overnight pre-open, the downside target was tagged by the index futures, since then Dow never looked back. Trend buy all the way bac up to where the sell off started and stalled from there. Closed the week near Y+1 and above midpoint.
Outlook
Extreme buying from the combination of several factors has given Dow the necessary momentum to go higher, but it has to deal with the short term over extended condition. A sharp pullback is likely. A drop back down to B-0 is possible.
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