Recap Dow stays near unchange and then breakout to the upside. Cannot stop until 200% absolute range expansion was reached. Clsoed the week above Y+3 and near week high.
Outlook Signs of exhaustion showing with multiple open gaps below. B-0 retest likely.
Lawrence's Comment
Recap
More downside as expected. Intervention by ECB resulted in a squeeze that closed the week at midpoint.
Outlook
Money is leaving EU and no long term investors want to ...
Dow 30 Oct 26 to Oct 30 Outlook
Lawrence’s Comment
Dow stays near unchange and then breakout to the upside. Cannot stop until 200% absolute range expansion was reached. Clsoed the week above Y+3 and near week high.
Outlook
Signs of exhaustion showing with multiple open gaps below. B-0 retest likely.
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