Recap Hard squeeze back to Y-0 as expected. Then strong reactions around Y-0 led to another squeeze to Y+1, the other extreme. Closed the week below Y+1 and above midpoint.
Outlook Potential FBO against Y+1 in place as Friday failed to close above Y+1. As long as Y+1 acting as resistance ES likely move back down to B-0 and below.
S&P 500 Sep 22 to Sep 26 Outlook
Lawrence’s Comment
Hard squeeze back to Y-0 as expected. Then strong reactions around Y-0 led to another squeeze to Y+1, the other extreme. Closed the week below Y+1 and above midpoint.
Outlook
Potential FBO against Y+1 in place as Friday failed to close above Y+1. As long as Y+1 acting as resistance ES likely move back down to B-0 and below.
Share