Recap ES opened above Y-0 gave us the necessary excuse to challenge Y+2 as mentioned last week. Y+2 tagged leading to a pullback to previous resistance. A blowoff top late in the week gave us an all out selloff back down to a new low for the week. Closed the week below Y+1 and near week low.
Outlook FBO year high, FBO previous month high and weekly reversal. As long as B-0 acting as resistance, ES has several downside targets to take care of. Closest one is B-2.
Lawrence's Comment
Recap
As expected it is not that easy to smack down NQ. Consolidated around Y+1 most of the week and then popped higher with a gap. Closed the week above ...
Lawrence's Comment
Recap
Y-0 did not hold the price up yet the flush could not breach Y-1 either. The reversal from below Y-0 gave up before Y+1 was tagged and ...
S&P 500 Apr 07 to Apr 11 Outlook
Lawrence’s Comment
ES opened above Y-0 gave us the necessary excuse to challenge Y+2 as mentioned last week. Y+2 tagged leading to a pullback to previous resistance. A blowoff top late in the week gave us an all out selloff back down to a new low for the week. Closed the week below Y+1 and near week low.
Outlook
FBO year high, FBO previous month high and weekly reversal. As long as B-0 acting as resistance, ES has several downside targets to take care of. Closest one is B-2.
Share