Recap Did not even test Y+1 and dropped back down to Y-1 as expected. Wild 2-way swings as mentioned last week. ES could not find support since Y-1 was broken. Closed the week below Y-2 and midpoint.
Outlook More downside is expected but not necessary directional drop. Potential hard squeeze back up to Y-1 / B-0 that can be followed by immediate sell off back down to B-1 and below. Not easy time for swing traders but definitely great day trading opportunities ahead.
Lawrence's Comment
Recap
Y-0 support for the 2nd leg up towards Y+2. Failed to push above Y+2 and stalled. Friday event led to fade out to new high before collapsing lower back ...
Lawrence's Comment
Recap
ES tagged Y-0 first before moving lower. That helped ES in finding support above the open gap below. FBO against Y-1 gave us a run back up to week ...
Review of Forecast for Jun 6, 2016
S&P not able to range expand much to the upside and given up everything suddenly fulfilled the compression expectation as custom breadth compression continues. ...
Lawrence's Comment
Recap
Ninja reversed its course as expected from higher timeframe support. Ran all the way back up to Y+1 before it stopped. Closed the week above Y+1 and midpoint.
Outlook
Outside week ...
Lawrence's Comment
Recap
S&P followed the path of Dow instead of what its price pattern suggested. Clear signs that shorts are squeezed and forced to give up. Closed the week above Y+1 ...
S&P 500 Sep 15 to Sep 19 Outlook
Lawrence’s Comment
Did not even test Y+1 and dropped back down to Y-1 as expected. Wild 2-way swings as mentioned last week. ES could not find support since Y-1 was broken. Closed the week below Y-2 and midpoint.
Outlook
More downside is expected but not necessary directional drop. Potential hard squeeze back up to Y-1 / B-0 that can be followed by immediate sell off back down to B-1 and below. Not easy time for swing traders but definitely great day trading opportunities ahead.
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