Recap As expected, one of the extremes (our downside target) tagged by the end of the week. The interesting thing is that most part of this past week was a struggle to not getting there. Closed at the low of the week.
Outlook This kind of price movement behaviour is more common in forex than in the stock market indices.
A snap back up to B-0 is very likely. From there, it depends on the strength of the other 2 indices whether further upside is possible.
Lawrence's Comment
Recap
First half of the week playing out perfectly like a normal 50% range consolidation around Y-1. Then FOMC announcement changed everything. The upside breakout of the tight range gave ...
Overview
Emini overnight range 2005.75 up to 2027.25 (at 9:00 am)
Overnight Midpoint 2016.50
Previous Week Mid 1994.75
Emini S&P is now trading at the bottom part of its range with ...
Dow 30 Jun 13 to Jun 17 Outlook
Lawrence’s Comment
As expected, one of the extremes (our downside target) tagged by the end of the week. The interesting thing is that most part of this past week was a struggle to not getting there. Closed at the low of the week.
Outlook
This kind of price movement behaviour is more common in forex than in the stock market indices.
A snap back up to B-0 is very likely. From there, it depends on the strength of the other 2 indices whether further upside is possible.
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