Recap 8 to 10 points swings several times in RTH and in AH as expected. Taking out Y+1 but not quite Y+2 means a retest of Y+0 in store according to STOPD. The test of Y+0 should hold and lead to Y+2 target, and that happened as well. All in all a week playing out by the Option Expiration and STOPD rulebooks.
Outlook Just like NQ, it is the 2nd week with smaller range. Turning point or breakout mode in store, depending what you tools you are using to engage the market. A quick melt up to B+3 is equally likely to a selloff to B-1. Not a good week to swing trade until better odds present themselves.
Review of Mar 30, 2015
Bounce of 1% early in the week was spot on. The continuation selling right after was also an excellent call. The breadth analog model did an ...
Lawrence's Comment
Recap
As expected, Aussie stalled at the resistance mentioned last week and flushed back down to below Y-1. Closed the week near week low and below Y-1.
Outlook
Aussie has dropped relatively ...
S&P 500 Feb 21 to Feb 25 Outlook
Lawrence’s Comment
8 to 10 points swings several times in RTH and in AH as expected. Taking out Y+1 but not quite Y+2 means a retest of Y+0 in store according to STOPD. The test of Y+0 should hold and lead to Y+2 target, and that happened as well. All in all a week playing out by the Option Expiration and STOPD rulebooks.
Outlook
Just like NQ, it is the 2nd week with smaller range. Turning point or breakout mode in store, depending what you tools you are using to engage the market.
A quick melt up to B+3 is equally likely to a selloff to B-1. Not a good week to swing trade until better odds present themselves.
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