Lawrence's Comment
Recap
As expected ES dropped down to the Y-2 and Y-3 area and fighted hard to hold up. Y-0 acting as resistance forced a retest of week low made on ...
Haven't got time to write an update til now.
The sell off I was looking for til 3-day advance struck bottom was done in the beginning of last week. Not quite ...
ES attempted to fill the gap above and failed, now stopped right at OR 2x.
This whole afternoon will be a waste of time to trade, until after 2pm.
Should the market stays below 50% of its range til then, we may get a sell off into the close.
2 pm – show time.
test of day low likely as long as S2 acting as resistance.
Adam and eve formation in place.
neckline 09 target 14.
Target hit.
What will happen next depends on the ORL, which is also 50% of day range so far, if it can act as support.