Recap 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.
Lawrence's Comment
Recap
Bear flag broken, dropped to B-1 and below as expected. Bounced back up to Y-0 and led to another drop to week low. Closed the week below Y-1 and ...
Lawrence's Comment
Recap
Easiest play last week. Euro tagged Y+2 which was also the up channel resistance. It then pullback to Y+1 and failed to hold there. Flushed towards Y-1. Closed the ...
Lawrence's Comment
Recap
Shock sent the pair to trade above Y+1 but failed to hold above that. Y+1 turned into resistance and signal a test of Y-1 in play. Selloff stopped ...
S&P 500 Jun 25 to Jun 29 Outlook
Lawrence’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.
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