Recap Exactly as expected, stopped right at resistance mentioned last week and sold off down to target Y-2 below. Closed the week below Y-2 and midpoint.
Outlook Weekly up trend broken. Pullback in the making with quite a number of gaps above and below to fill. Wild ride for the coming weeks is expected. Longer term support is below B-2.
Lawrence's Comment
Recap
Test of Y-1 as expected. Y-1 support all week. Closed the week near Y-1 and below midpoint.
Outlook
2nd consolidation week with weak close is bearish. Until B-0 turning ...
Dow 30 Sep 15 to Sep 19 Outlook
Lawrence’s Comment
Exactly as expected, stopped right at resistance mentioned last week and sold off down to target Y-2 below. Closed the week below Y-2 and midpoint.
Outlook
Weekly up trend broken. Pullback in the making with quite a number of gaps above and below to fill. Wild ride for the coming weeks is expected. Longer term support is below B-2.
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