Recap Dow tried to fill the open gap above early in the week and failed. Y-1 turned into resistance and sent Dow down to Y-2. Y-2 acted as support and produced a squeeze back up to above Y-1. Closed the week near Y-1 and midpoint.
Outlook More bullish than NQ but not quite a confirmed reversal against the forming of potential daily down trend. Y-0 / B+1 strong resistance until proven otherwise. A retest of B-1 likely.
Advance Decline Issues, by its very natural, is noisy. Its values can be jumpy from day to day making it hard to interpret the information offered by the market breadth ...
Lawrence's Comment
Recap
Y-1 failed to support the pair so it slided to Y-2. Bounced back to Y-1 and stalled from there since. Closed the week below Y-1.
Outlook
B-1 retest is ...
Lawrence's Comment
Recap
Strongest among the 3 indices, NQ consolidated between Y-0 and Y-1. NQ also formed a rare down side triangle with potential up side breakout by the end of the ...
Lawrence's Comment
Recap
As expected pullback to Y-0 and stuck in a tight range since. Consolidation around Monday range all week. Closed the week above Y-0 and below midpoint.
Outlook
1-2-3 sell on 4 ...
Dow 30 Sep 28 to Oct 02 Outlook
Lawrence’s Comment
Dow tried to fill the open gap above early in the week and failed. Y-1 turned into resistance and sent Dow down to Y-2. Y-2 acted as support and produced a squeeze back up to above Y-1. Closed the week near Y-1 and midpoint.
Outlook
More bullish than NQ but not quite a confirmed reversal against the forming of potential daily down trend. Y-0 / B+1 strong resistance until proven otherwise. A retest of B-1 likely.
Share