Recap ES tried to zoom higher but failed to hold above Y-0 as support. ES dropped to Y-1 eventually and bounced. V-reversal carried ES straight up to make new high for the week. Closed the week above Y-0 and midpoint.
Outlook As long as B-0 / Y-0 holds, ES can push for more upside. Y+1 / B+2 are reasonable upside target.
Lawrence's Comment
Recap
Weakest of the 3 major indices. The dirty bottom mentioned last week was being retested by the end of the week. Closed the week below Y-3 and near week ...
Lawrence's Comment
Recap
Easy play of the week. Broke Y-1 and then flush to Y-3 target as expected. Closed the week above Y-3 and below midpoint.
Outlook
1.35 has been long term support for ...
S&P 500 Sep 05 to Sep 09 Outlook
Lawrence’s Comment
ES tried to zoom higher but failed to hold above Y-0 as support. ES dropped to Y-1 eventually and bounced. V-reversal carried ES straight up to make new high for the week. Closed the week above Y-0 and midpoint.
Outlook
As long as B-0 / Y-0 holds, ES can push for more upside. Y+1 / B+2 are reasonable upside target.
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