Recap Y-0 failed to act as support right from the start of the week. Dropped to Y-1 since and then breakdown to Y-2. Closed the week below Y-2 and near week low.
Outlook 2000 strong support zone for longer term swing bottom. Volatility can flush ES lower first though before it snap back up.
Lawrence's Comment
Recap
Up trend line on 4 hour breached early in the week. This led to Y-1 and a test of the wide range bar below where the breakout started 2 ...
Lawrence's Comment
Recap
A weak version of what happened to Dow. 50% previous week range. Closed the week at Y+1 / previous week close and below midpoint.
Outlook
If we are getting a spike ...
Lawrence's Comment
Recap
Euro drifted higher around Y+1. Closed the week above Y+1 and midpoint.
Outlook
Completely artificial rally since 3 weeks ago by empty promises from ECB. A tight up channel is visible ...
S&P 500 Dec 14 to Dec 18 Outlook
Lawrence’s Comment
Y-0 failed to act as support right from the start of the week. Dropped to Y-1 since and then breakdown to Y-2. Closed the week below Y-2 and near week low.
Outlook
2000 strong support zone for longer term swing bottom. Volatility can flush ES lower first though before it snap back up.
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