Recap Consolidation around Y+1 at equal distance. 50% range bounded the week nicely. Closed the week near Y+1 and midpoint.
Outlook As long as B+1 acting as resistance we are looking for at least filling one open gap below. That points to below B-1 price level likely and Y-0 / B-2 target.
Overview
Emini overnight range 1886.50 up to 1904.25
Overnight Midpoint 1895.50
Previous Week Mid 1853.25
Emini S&P is now trading at the bottom part of its range with a large gap ...
Dow 30 Nov 02 to Nov 06 Outlook
Lawrence’s Comment
Consolidation around Y+1 at equal distance. 50% range bounded the week nicely. Closed the week near Y+1 and midpoint.
Outlook
As long as B+1 acting as resistance we are looking for at least filling one open gap below. That points to below B-1 price level likely and Y-0 / B-2 target.
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