Recap Dow tried to hold support all week but failed to clear Y+1 resistance. Friday breakdown move flushed to Y-3 directly. Closed the week near Y-3 and week low.
Outlook More downside is expected, difficult to find the right spot to jump on board this selloff due to coiled up volatility.
Lawrence's Comment
Recap
NQ bottomed early in the week with Dow and ES but it was not one of the stronger bottoming pattern. Y-0 cleared and then it was a struggle to ...
Lawrence's Comment
Recap
Spike bottom happened before midweek yet failed to push above Y-0. Closed the week below Y-1 and midpoint.
Outlook
The first try to find a bottom failed. The week turned into ...
Dow 30 Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Dow tried to hold support all week but failed to clear Y+1 resistance. Friday breakdown move flushed to Y-3 directly. Closed the week near Y-3 and week low.
Outlook
More downside is expected, difficult to find the right spot to jump on board this selloff due to coiled up volatility.
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