Recap Strong reaction after closing year 2013 at the high. Sold off quickly after New Year until 100% absolute range expansion was reached. Stuck in that zone since. Closed the week below Y-0 and midpoint.
Outlook Potential spike and ledge pattern suggests that a break of B-1 will give us the B-3 target.
Although holding above B-1 points to at least a retest of B+1, I would not turn bullish until after B-0 is cleared.
Overview
Emini overnight range 2106.50 up to 2115.00 (at 9:05 am)
Overnight Midpoint 21110.75
Previous Day Close 2111.25
Emini S&P is now trading at the top part of its range with ...
Lawrence's Comment
Recap
Not only Dow fulfilled our upside target of 12000 mentioned last week, it actually completed 100% absolute range expansion before stalling. Closed the week near the high of ...
Lawrence's Comment
Recap
More downside as expected with Y-0 acting as resistance. Cable pushed towards Y-3 target and held up at 1.28 round number. Closed the week near Y-2 and below midpoint.
...
S&P 500 Jan 06 to Jan 10 Outlook
Lawrence’s Comment
Strong reaction after closing year 2013 at the high. Sold off quickly after New Year until 100% absolute range expansion was reached. Stuck in that zone since. Closed the week below Y-0 and midpoint.
Outlook
Potential spike and ledge pattern suggests that a break of B-1 will give us the B-3 target.
Although holding above B-1 points to at least a retest of B+1, I would not turn bullish until after B-0 is cleared.
Share