Jul
07
S&P 500 Jul 09 to Jul 13 Outlook
By on 2012 Jul 7 Sat 7:05:18
Lawrence’s Comment
Recap
Pushed higher early in the week but capped by holiday trading and news shock. Consolidation around Y+1 with 50% previous week range. Closed the week below Y+1 and midpoint.
Pushed higher early in the week but capped by holiday trading and news shock. Consolidation around Y+1 with 50% previous week range. Closed the week below Y+1 and midpoint.
Outlook
Multiple gaps above and below defined a 50 point range from 1320 upto 1370. As long as ES not trading below B-1, B+1 should be retested based on longer term price pattern.
Failure to break out above B+1, however, points to the potential of a long term top.
Comments
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LC,
would it be possible to have these charts update day by day at the end of the day?
I am talking about just keeping the lines extablished by the previous week, but having each day of the new week plotted as they unfold.
Am still waiting for the programmer to update the auto upload bot.
It has some issues that has to be addressed before I can add more auto uploads.