Dow 30 Oct 12 to Oct 16 Outlook

By News Robot

Lawrence’s Comment

Recap
Dow gapped above weekly resistance and cleared the open gap above right from the start. This set the stage for a run to Y+2. Y+2 turned into support sending Dow up to Y+3. Closed the week above Y+3 and near week high.

Outlook
100% range expansion directional run is sign of exhaustion. Failing to hold above Y+3 points to a quick drop back to B-0 and below.

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