Recap Flushed lower first and then 2000 round number acted as platform for a rally into FOMC announcement as expected. ES sold off since then and dropped back down to week low for option expiration. Closed the week near Y-1 and below midpoint.
Outlook Y-0 / B-0 very strong resistance. Holiday trading means a flush to new low is likely and can go further than what most people are expecting.
Lawrence's Comment
Recap
ES was capped in the beginning of the week for 3 days even when Euro zone b.s. its way out. But Fed announcement changed everything. A hard ...
Lawrence's Comment
Recap
First move to test Y+1 found resistance. Gave us Y-1 target. Dropped to Y-1 and breached the support as if it is not there. Closed the week below Y-1 ...
Lawrence's Comment
Recap
Simply stuck since open of the week. Late rally in end of week tried to push itself above the weekly close prior to the crisis week and failed.
Outlook
If ...
Lawrence's Comment
Recap
Instead of sharp bounce to Y-0 resistance, we got a gap open in the beginning of the week. No strength to challenge Y-0 at all. Continuation selloff sent cable ...
S&P 500 Dec 21 to Dec 25 Outlook
Lawrence’s Comment
Flushed lower first and then 2000 round number acted as platform for a rally into FOMC announcement as expected. ES sold off since then and dropped back down to week low for option expiration. Closed the week near Y-1 and below midpoint.
Outlook
Y-0 / B-0 very strong resistance. Holiday trading means a flush to new low is likely and can go further than what most people are expecting.
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