Recap My short term low in place expectation proven to be correct. ES rushed back up above Y-0 since the beginning of the week and consolidated around it. FOMC announcement took ES straight up above Y+1 and eventually Y+2. Closed the week above Y+1 and midpoint.
Outlook Wide range week with gaps everywhere again. Consolidation may take ES back down to B-0 first. If this coming week is proven a weak consolidation, we cannot rule out ES dropping all the way back down to B-1 eventually.
Lawrence's Comment
Recap
Y-1 area acted as support as expected, sending the pair above Y-0. But it failed to stay above Y-0 and dropped back down to Y-1. That started the ...
Overview
Emini overnight range 2080.75 up to 2089.50 (at 9:30 am)
Overnight Midpoint 2085.00
Previous Day Close 2085.75
Emini S&P is now trading at the bottom part of its range with ...
S&P 500 Mar 23 to Mar 27 Outlook
Lawrence’s Comment
My short term low in place expectation proven to be correct. ES rushed back up above Y-0 since the beginning of the week and consolidated around it. FOMC announcement took ES straight up above Y+1 and eventually Y+2. Closed the week above Y+1 and midpoint.
Outlook
Wide range week with gaps everywhere again. Consolidation may take ES back down to B-0 first. If this coming week is proven a weak consolidation, we cannot rule out ES dropping all the way back down to B-1 eventually.
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