Recap Bearish expectation played out. Downside target Y-2 tagged. Closed the week below Y-1 and midpoint.
Outlook Similar to NQ, ES is potentially forming a daily down trend. Bulls will do all they can do stop that from happening. A flush low early in the week can lead to a strong bounce breaking above Y-1 / B-0 to terminate the potential but it will just be no trend for the coming months. Test of B-1 likely.
Lawrence's Comment
Recap
Cable pressed at Y-1 in the beginning of the week and then collapsed on news. This staged a 100% expansion move to the downside. Cable tagged 100% absolute range ...
Lawrence's Comment
Recap
Got downside target of Y-2 right in the beginning of the week. Bounced off target back to Y-1. Retested with higher low and 1-2-3 buy off Y-1. Classic reversal ...
S&P 500 Sep 28 to Oct 02 Outlook
Lawrence’s Comment
Bearish expectation played out. Downside target Y-2 tagged. Closed the week below Y-1 and midpoint.
Outlook
Similar to NQ, ES is potentially forming a daily down trend. Bulls will do all they can do stop that from happening. A flush low early in the week can lead to a strong bounce breaking above Y-1 / B-0 to terminate the potential but it will just be no trend for the coming months. Test of B-1 likely.
Share