Recap Similar to Dow, ES simply dropped as expected. After clearing Y-3, ES found support and bounced. ES rallied all the way up until Friday. Closed the week below Y-1 and above midpoint.
Outlook As long as Y-1 / B+1 not breached, ES is likely to go lower into end of October.
Lawrence's Comment
Recap
ES setup from the week before last was so strong it carries itself higher while NQ digging at the bottom of its range. ES eventually gave in after a ...
S&P 500 Oct 20 to Oct 24 Outlook
Lawrence’s Comment
Similar to Dow, ES simply dropped as expected. After clearing Y-3, ES found support and bounced. ES rallied all the way up until Friday. Closed the week below Y-1 and above midpoint.
Outlook
As long as Y-1 / B+1 not breached, ES is likely to go lower into end of October.
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