Recap Worst Thanksgiving week in history. Pure selloff breaking every support level after they are touched and bounced off from. Ended the week closing at Y-3 and completed 100% absolute range expansion to the downside.
Outlook B-1 is likely to be breached early next week. Key level to watch is B-2 which matches Y-4 at the same time. If Dow can find support there a bounce will likely take Dow back up to B-0.
Dow 30 Nov 28 to Dec 02 Outlook
Lawrence’s Comment
Worst Thanksgiving week in history. Pure selloff breaking every support level after they are touched and bounced off from. Ended the week closing at Y-3 and completed 100% absolute range expansion to the downside.
Outlook
B-1 is likely to be breached early next week. Key level to watch is B-2 which matches Y-4 at the same time. If Dow can find support there a bounce will likely take Dow back up to B-0.
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