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
Started the week with a mild bounce as expected. After breakdown below Y-1, no support until Y-2 as stated last week. Tagged Y-2 and holding there since. ...
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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