Recap ES sold off as expected from slightly higher high above Y+1. What was not expected was that Y-2 was not tagged. Closed the week below midpoint and Y-0
Outlook Outside down week. Closed within previous week range though. So not as bearish as NQ. Ran back up to near B-0 due to clear PPT activities.
As long as B-0 / gap fill acts as resistance, more downside is expected.
Lawrence's Comment
Recap
Cable tried to hold Y-0 yet flushed through. Then the crime scene right below held it up and force cable back above Y-0 and produced a squeeze up to ...
Lawrence's Comment
Recap
As mentioned last week, Dow is in breakout mode and that failing to break out of this range at one extreme will simply follow the STOPD principle ...
S&P 500 Apr 08 to Apr 12 Outlook
Lawrence’s Comment
ES sold off as expected from slightly higher high above Y+1. What was not expected was that Y-2 was not tagged. Closed the week below midpoint and Y-0
Outlook
Outside down week. Closed within previous week range though. So not as bearish as NQ. Ran back up to near B-0 due to clear PPT activities.
As long as B-0 / gap fill acts as resistance, more downside is expected.
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