Recap Gap and go points to at least tagging Y+2 and we got that first thing in the week. Y+2 turned into support sending ES up to Y+3. Closed the week near Y+3 and week high.
Outlook Consolidation actions expected around B+1 at 50% range. Summer actions means more likely the market will quiet down a bit.
Lawrence's Comment
Recap
Ranged bounded play worked out well for the first 4 days last week. Then NFP report forced a breakout to the downside. Normal 2X target from the ...
Lawrence's Comment
Recap
As expected, Y-0 resistance with a test of Y-1 after flat line action in the beginning of the week. Closed the week near Y-1 and week low.
Outlook
Weekly ...
S&P 500 Jul 20 to Jul 24 Outlook
Lawrence’s Comment
Gap and go points to at least tagging Y+2 and we got that first thing in the week. Y+2 turned into support sending ES up to Y+3. Closed the week near Y+3 and week high.
Outlook
Consolidation actions expected around B+1 at 50% range. Summer actions means more likely the market will quiet down a bit.
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