Recap News shock interrupted the parabolic up swing in ES. The strength in the index, however, forced another rally from Y-1 back up to above Y-0 before it stalled. Closed the week below Y-0.
Outlook Multiple gaps above and below, meaning any news shock again will send ES to complete the gap in the direction where the news is forcing the market to.
Price structure says breaking B-0 points to a quick dive to B-1.
Lawrence's Comment
Recap
Dow took off running higher off the European rumors on financials in the beginning of the week. Several more false rumors were spreaded to keep Dow from dropping. ...
Lawrence's Comment
Recap
Consolidation at 50% previous week range as expected. Closed the week below Y-1 and midpoint.
Outlook
The end of week breakdown is normal for consolidation at Y-1. It is not a ...
S&P 500 Nov 07 to Nov 11 Outlook
Lawrence’s Comment
News shock interrupted the parabolic up swing in ES. The strength in the index, however, forced another rally from Y-1 back up to above Y-0 before it stalled. Closed the week below Y-0.
Outlook
Multiple gaps above and below, meaning any news shock again will send ES to complete the gap in the direction where the news is forcing the market to.
Price structure says breaking B-0 points to a quick dive to B-1.
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