Recap ES holding up around Y+1 first half of the week. Since then breakout of the tight range to the upside. Y+2 tagged and produced a pause. Closed the week near Y+3 and week high.
Lawrence's Comment
Recap
ES gapped back above Y-0 and immediately met with strong resistance. ES gapped back down below Y-0 and could not clear it since. That opened the door to Y-1 ...
S&P 500 Oct 26 to Oct 30 Outlook
Lawrence’s Comment
ES holding up around Y+1 first half of the week. Since then breakout of the tight range to the upside. Y+2 tagged and produced a pause. Closed the week near Y+3 and week high.
Outlook
B+1 resistance will give us Y+2 / B-0.
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