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S&P 500 Jun 25 to Jun 29 Outlook
By News Robot on 2012 Jun 23 Sat 7:05:06Lawrence’s Comment
Cleared Y+1 early in the week and tagged target Y+2 as expected. Bad news produced a shock taking ES back down to Y-0. Closed the week above Y-0 but below midpoint.
Outlook
News driven market. Consolidation with moves zooming to nearest price levels whenever news shock happens. No real direction.
Swing pattern based, as long as B-1 holds, ES should go higher with minimal target at B+1.