Recap ES failed to clear Y+1, gave us a run for Y-0. Y-0 tagged and bounced. Failed to clear previous week close like Dow has opened the door to break week low for full gap fill below. ES eventually flushed down to Y-1. Closed the week near Y-1 and week low.
Outlook Volatility attracts more volatility. Even consolidation around B-1 area would easily be 40 points range for the week.
Situation in Ukraine can induce more selling. B-2 down to 1800 is next bearish target.
Overview
Emini overnight range 2141.00 to 2151.25 (at 9:00 am)
Overnight Midpoint 2146.00
Previous Week Close 2160.50
Battleplan for the Day
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Lawrence's Comment
Recap
Further consolidation around Y-0 area. End of week weaknesses failed to break the Y-1 support. Closed the week near week low and below Y-0.
Outlook
Inside week from daily up trend ...
Lawrence's Comment
Recap
Sell formation not materialized. Breach of Y+1 earlier in the week points to breakout target of Y+2 and Y+3. That worked out well and closed the week at ...
S&P 500 Mar 17 to Mar 21 Outlook
Lawrence’s Comment
ES failed to clear Y+1, gave us a run for Y-0. Y-0 tagged and bounced. Failed to clear previous week close like Dow has opened the door to break week low for full gap fill below. ES eventually flushed down to Y-1. Closed the week near Y-1 and week low.
Outlook
Volatility attracts more volatility. Even consolidation around B-1 area would easily be 40 points range for the week.
Situation in Ukraine can induce more selling. B-2 down to 1800 is next bearish target.
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