Recap Consolidation week with very thin volume. 50% previous week range bounded the activities. Closed the week above Y+1 and midpoint.
Outlook Tight range week points to breakout mode in play. B+3 and B-3 are the targets. B-3 aligned with the open gap below is a strong magnet. See comments on Dow regarding the market breadth readings.
Overview
Emini overnight range 1998.25 up to 2011.75 (at 9:00 am)
Overnight Midpoint 2005.00
Previous Week Mid 1994.75
Emini S&P is now trading at the bottom part of its range with ...
Nasdaq 100 May 25 to May 29 Outlook
Lawrence’s Comment
Consolidation week with very thin volume. 50% previous week range bounded the activities. Closed the week above Y+1 and midpoint.
Outlook
Tight range week points to breakout mode in play. B+3 and B-3 are the targets. B-3 aligned with the open gap below is a strong magnet. See comments on Dow regarding the market breadth readings.
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