Dow 30 Sep 01 to Sep 05 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation as expected. Centered around Y+1 instead of previous week close as Dow gapped up to Y+1 at the start of the week. Closed the week above Y+1 and midpoint.

Outlook
Pure price pattern is bullish as consolidation week with a close above wide range week is bullish. That being said, B+1 is strong resistance, as long as it is acting as resistance we cannot rule out a drop back down to Y-0.

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