Emini S&P Going Back Down To Former Parking Zone Jun 15, 2015
By Lawrence
Mid day update: From a multiple month perspective, Emini S&P is now back down to its favourite spot over past few months.
A closer look tells us Emini S&P has a choice here. It can choose to go back up to channel mid / previous week midpoint swiftly to wait for FOMC Wednesday.
Lawrence's Comment
Recap
ES gap lower to start the week from long term support zone where the major open gaps are. ES found support there and launched a rally straight back up ...
Lawrence's Comment
Recap
As expected consolidation within Y-0 to Y+1. Ended the week by expanding to, what else, 50% aboslute expansion. Someone playing the game from a script.
Outlook
Bounced off Y-0 ...
Emini S&P Going Back Down To Former Parking Zone Jun 15, 2015
Mid day update: From a multiple month perspective, Emini S&P is now back down to its favourite spot over past few months.
A closer look tells us Emini S&P has a choice here. It can choose to go back up to channel mid / previous week midpoint swiftly to wait for FOMC Wednesday.
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