Recap Hard squeeze back to Y-0 as expected. Then strong reactions around Y-0 led to another squeeze to Y+1, the other extreme. Closed the week below Y+1 and above midpoint.
Outlook Potential FBO against Y+1 in place as Friday failed to close above Y+1. As long as Y+1 acting as resistance ES likely move back down to B-0 and below.
Closed the week at around the prior week low. Tricky.
Next week a pullback to 50% of week range will tell the tale.
If that fails to act as support, week low ...
Lawrence's Comment
Recap
No pullback and no gap fill right off the start of the week. Price simply jump through every resistance levles above by gaps. Closed the week above Y+4 and ...
S&P 500 Sep 22 to Sep 26 Outlook
Lawrence’s Comment
Hard squeeze back to Y-0 as expected. Then strong reactions around Y-0 led to another squeeze to Y+1, the other extreme. Closed the week below Y+1 and above midpoint.
Outlook
Potential FBO against Y+1 in place as Friday failed to close above Y+1. As long as Y+1 acting as resistance ES likely move back down to B-0 and below.
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