Recap Y-0 did not act as resistance giving way to a test of Y+1. 100% absolute range expansion completed right before FOMC announcement. Strong reaction after and sent ES back down to where it started. Closed the week below Y-0 and near week low.
Outlook Y-0 / B-0 now strong resistance. A break below B-1 points to B-2 in play.
Overview
Emini overnight range 2022.75 up to 2045.25 (at 9:00 am)
Overnight Midpoint 2034.00
Previous Week Close 2027.50
Emini S&P is now trading at the top part of its range with ...
Lawrence's Comment
Recap
As expected Y+1 was tagged. Y+1 resistance sent ninja back down to Y-0. 50% range bounded all the actions. Closed the week above Y-0 and midpoint.
Outlook
No strong ...
S&P 500 Sep 21 to Sep 25 Outlook
Lawrence’s Comment
Y-0 did not act as resistance giving way to a test of Y+1. 100% absolute range expansion completed right before FOMC announcement. Strong reaction after and sent ES back down to where it started. Closed the week below Y-0 and near week low.
Outlook
Y-0 / B-0 now strong resistance. A break below B-1 points to B-2 in play.
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