S&P 500 Sep 23 to Sep 27 Outlook

By News Robot

Lawrence’s Comment

Y+1 did not act as resistance at all. ES simply open above it and stayed above til Fed announcement. ES zoomed to Y+3 and stalled. Closed the week below midpoint and Y+2.

Not bullish because new high for the year was rejected quickly. Not bearish either because ES has not quite breached the former year high yet.

Looking for consolidation around 1700 this week.


  • Minty415 September 23, 2013 at 8:30 pm

    In this chart it looks like ES is not back-adjusted after the rollover? I believe the week of Sept 16th should have a gap from the prior week.

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