Recap Gapped down to our target zone. Then took off and retested Y-0 area. By midweek sold off and broken down below our target zone to close the week.
Outlook A completed head and shoulder formation in place as long as Y-2 acts as resistance, the target is Y-5.
Lawrence's Comment
Recap
Unlike Dow, NQ gave a strong performance last week and completed its upside break out target at Y+4 based on monthly. Closed the week near the high.
Outlook
A ...
Lawrence's Comment
Recap
Bear flag breakdown gave us Y-1 and below as expected. Y-2 tagged and consolidation between Y-1 and Y-2 since. Closed the week below Y-1 and midpoint.
Outlook
B-1 retest ...
Lawrence's Comment
Recap
Gap up and traded above Y+1 has turned into a false breakout. That set the stage for a selloff to Y-1. Yet right before Y-1 was tagged, ...
Dow 30 Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Gapped down to our target zone. Then took off and retested Y-0 area. By midweek sold off and broken down below our target zone to close the week.
Outlook
A completed head and shoulder formation in place as long as Y-2 acts as resistance, the target is Y-5.
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