Recap Hard squeeze back to Y-0 as expected. Then strong reactions around Y-0 led to another squeeze to Y+1, the other extreme. Closed the week below Y+1 and above midpoint.
Outlook Potential FBO against Y+1 in place as Friday failed to close above Y+1. As long as Y+1 acting as resistance ES likely move back down to B-0 and below.
Lawrence's Comment
Recap
A push towards Y+2 as expected. Failed on 3rd try resulting in a quick slide back down to Y-0. Closed the week near week low.
Outlook
As long as ...
Lawrence's Comment
Recap
As expected sold off from our resistance area. Better yet it dropped more than the minimal target to below Y-2 clearing the way to tag Y-3. Closed the ...
Lawrence's Comment
Recap
The selloff in the beginning of the week failed to produce a lower low to break the up trend. Rallied to new high by midweek due to ...
Lawrence's Comment
Recap
The expected messy drift towards our resistance zone covered most part of the week. Once the resistance zone was tagged, a quick selloff took the pair back down ...
S&P 500 Sep 22 to Sep 26 Outlook
Lawrence’s Comment
Hard squeeze back to Y-0 as expected. Then strong reactions around Y-0 led to another squeeze to Y+1, the other extreme. Closed the week below Y+1 and above midpoint.
Outlook
Potential FBO against Y+1 in place as Friday failed to close above Y+1. As long as Y+1 acting as resistance ES likely move back down to B-0 and below.
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