Recap Pullback to Y-0 support and took off. Upside target Y+2 not tagged yet. Closed the week above Y+1 and near week high.
Outlook Y+2 still in play. FBO against B+1 points to pullback down to B-0. Until B-0 turning into resistance we cannot tell if the up swing on daily basis is over.
Lawrence's Comment
Recap
As mentioned last week, cable has little room for pullback if it is really going higher. Well, the bullish pattern gave cable enough strength to consolidate around Y-0. Closed ...
S&P 500 Mar 21 to Mar 25 Outlook
Lawrence’s Comment
Pullback to Y-0 support and took off. Upside target Y+2 not tagged yet. Closed the week above Y+1 and near week high.
Outlook
Y+2 still in play. FBO against B+1 points to pullback down to B-0. Until B-0 turning into resistance we cannot tell if the up swing on daily basis is over.
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