Following is the Emini S&P continuous contract with RTH only data. I have marked the days with matching color to the moving averages where ES has tagged. ...
Lawrence's Comment
Recap
Consolidation and wild swings under Y-0 as expected. Closed the week above Y-1 and near week low.
Outlook
Inside week consolidation suggests retest of Y-1 very likely. The critical price to ...
Dow 30 Apr 02 to Apr 06 Outlook
Lawrence’s Comment
Was looking for 2nd consolidation week and got exactly that. Inside week with close below midpoint near Y-0.
Outlook
Coiling up with 2 weeks in a row closing at around same price level again. Indecision.
Breakout mode in place. A break out of this range will be a very powerful move no matter it is going to the upside or the downside.
May take a few more weeks to consolidate if there is no event driving the market in a particular direction.
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