Recap No real direction after a week of extreme trend buy days countering the overnight weaknesses. Consolidation / backfill actions waiting for the next news shock. Closed the week below Y-0 and midpoint.
Outlook FOMC announcement crime scene not tagged so far and a breakdown below Y-1 points to a rush towards that target. Difficult week ahead due to FOMC special meeting on Monday may set the tone for the week.
Lawrence's Comment
Recap
Sold off as expected. Target Y-3 tagged. Easy weekly move completed. Closed the week near Y-2 and midpoint.
Outlook
Gaps above B+1 and below B-1 are in play once ...
S&P 500 Apr 11 to Apr 15 Outlook
Lawrence’s Comment
No real direction after a week of extreme trend buy days countering the overnight weaknesses. Consolidation / backfill actions waiting for the next news shock. Closed the week below Y-0 and midpoint.
Outlook
FOMC announcement crime scene not tagged so far and a breakdown below Y-1 points to a rush towards that target. Difficult week ahead due to FOMC special meeting on Monday may set the tone for the week.
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