Lawrence’s Comment
Recap The rare scenario unfolded. Gapped to Y+2 indeed. And stuck there since.
Outlook
Breakout mode.
Breaking below previous week low points to gap fill target at previous year close.
Breaking above B+1 and quickly snap back down points to same minimum downside target.
Only if ES can consolidate above B-0 or that intervention on euro will force it going higher.
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S&P 500 Jan 09 to Jan 13 Outlook
Lawrence’s Comment
The rare scenario unfolded. Gapped to Y+2 indeed. And stuck there since.
Outlook
Breakout mode.
Breaking below previous week low points to gap fill target at previous year close.
Breaking above B+1 and quickly snap back down points to same minimum downside target.
Only if ES can consolidate above B-0 or that intervention on euro will force it going higher.
Share