S&P 500 Mar 14 to Mar 18 Outlook

By News Robot

Lawrence’s Comment

Sold off in similar fashion like Nasdaq 100 but much more controlled. The scale of attempting to rally back to week midpoint is also stronger than Nasdaq.

A test of B-0 or higher is expect early in the week. Should gap fill done quickly, B-0 will turn into support, implying the daily level downtrend is over.


  • smilingsynic March 13, 2011 at 11:31 am

    Test of February low to the tick and strong close on Friday after that test suggest that we stay above Feb/March low until the end of the month.

    If that does happen, and March’s high is less than Feb’s high, a retest of 1285 should prove interesting, if not troubling for the bulls.

  • Lawrence Chan March 13, 2011 at 3:31 pm

    As long as ES (Jun) stays above 1290, last week can be considered as a w. spring platform.

    Bears can win, if they get more news shock this coming week.

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