Recap Bearish expectation worked out. 100% range expansion established. Closed the week near Y-2 and midpoint.
Outlook Brexit breakout play off the wide range of B+1 and B-1. This means B+2 and B-2 are in play. Will be difficult for swing players to position themselves properly due to spike in volatility expected. Sit back and relax is probably the best strategy for the week.
Lawrence's Comment
Recap
ES dropped ti Y-0, found support, zoomed back up to test the pre-break down level and failed to clear Y+1. This gave us a go for Y-1. Got Y-1 ...
S&P 500 Jun 20 to Jun 24 Outlook
Lawrence’s Comment
Bearish expectation worked out. 100% range expansion established. Closed the week near Y-2 and midpoint.
Outlook
Brexit breakout play off the wide range of B+1 and B-1. This means B+2 and B-2 are in play. Will be difficult for swing players to position themselves properly due to spike in volatility expected. Sit back and relax is probably the best strategy for the week.
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