Recap Sold off early in the week holding Y-1 and immediately retested Y+1. Midweek selloff produced a higher low and by Friday, broke out above Y+1 and tagged Y+2.
Outlook IHS visible on 30-minute and higher timeframe points to 12000 area.
IHS confirmed failure means a selloff breaking below B-0 will send it back down to B-2 quickly.
Lawrence's Comment
Recap
Breakout below Y-1 gave us Y-2 minimal target. Interesting twist from there, however, was the quick rally back upto Y-0 to end the week.
Outlook
Downside breakout failure on weekly ...
Dow 30 Oct 24 to Oct 28 Outlook
Lawrence’s Comment
Sold off early in the week holding Y-1 and immediately retested Y+1. Midweek selloff produced a higher low and by Friday, broke out above Y+1 and tagged Y+2.
Outlook
IHS visible on 30-minute and higher timeframe points to 12000 area.
IHS confirmed failure means a selloff breaking below B-0 will send it back down to B-2 quickly.
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