Recap A frustrating week for many. As oppose to finding resistance at Y-0 and start a pullback, ES managed to hold in a tight range above previous week close. By the time NFP was out, it managed to hold week mid and blasted higher to close above previous year close. Closed the week above Y-0 and midpoint.
Outlook Bullish for a test of Y+1. Breadth deteriorated a lot. This push up will likely be carried by a few names only.
Expect sudden volatility this week due to compression in tick reading.
Lawrence's Comment
Recap
Gapped down to Y-1 to start the week. Y-0 acting as resistance as expected. The push above Y-0 failed to establish Y-0 as support and collapsed down to Y-1 ...
Lawrence's Comment
Recap
As mentioned last week, ninja is showing signs of strength. Cleared Y+1 in one go and tagged Y+2 early in the week. Ninja keep pushing until 150% range expanded ...
S&P 500 Jan 13 to Jan 17 Outlook
Lawrence’s Comment
A frustrating week for many. As oppose to finding resistance at Y-0 and start a pullback, ES managed to hold in a tight range above previous week close. By the time NFP was out, it managed to hold week mid and blasted higher to close above previous year close. Closed the week above Y-0 and midpoint.
Outlook
Bullish for a test of Y+1. Breadth deteriorated a lot. This push up will likely be carried by a few names only.
Expect sudden volatility this week due to compression in tick reading.
Share