Recap Y-0 resistance sent ES lower. Attempt to hold above Y-1 failed and resulting in a gap down that sparked a flush to Y-2 downside target. Strong reversal from there led to retest of Y-0. Closed the week near Y-0 and week high.
Outlook More upside likely with strong support at B-0 / Y-1. B+2 in play as long as support zone holds.
Lawrence's Comment
Recap
Failed to hold Y-1, got the flush to Y-3 as expected. Closed the week below midpoint and near Y-2.
Outlook
Daily uptrend is now broken. As long as B-0 ...
Lawrence's Comment
Recap
Bullish bias worked out. Cable held Y-0 and pushed higher later in the week. Closed the week above Y+1 and near week high.
Outlook
Situation in Greece can affect ...
S&P 500 Jan 25 to Jan 29 Outlook
Lawrence’s Comment
Y-0 resistance sent ES lower. Attempt to hold above Y-1 failed and resulting in a gap down that sparked a flush to Y-2 downside target. Strong reversal from there led to retest of Y-0. Closed the week near Y-0 and week high.
Outlook
More upside likely with strong support at B-0 / Y-1. B+2 in play as long as support zone holds.
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