Recap Got upside breakout yet stopped in the middle of the move. 2nd try to push higher failed to clear the week high. Once Y+1 was breached, stops were raided and flushed back down until 50% previous week range was reached. Closed the week below Y+1 and midpoint.
Outlook FBO against inside week breakout setup points to Y-0 in play. B-3 is also in play should ES fails to tag B-0 before starting another leg lower.
Lawrence's Comment
Recap
Consolidated above Y-1 and drifted higher slowly. Then the pair exploded to the upside, clearing B+1 my breakout level. Almost tagged B+3 target before pulling back. Closed the week ...
S&P 500 Apr 28 to May 02 Outlook
Lawrence’s Comment
Got upside breakout yet stopped in the middle of the move. 2nd try to push higher failed to clear the week high. Once Y+1 was breached, stops were raided and flushed back down until 50% previous week range was reached. Closed the week below Y+1 and midpoint.
Outlook
FBO against inside week breakout setup points to Y-0 in play. B-3 is also in play should ES fails to tag B-0 before starting another leg lower.
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