Recap Similar to NQ, ES consolidated around previous week close and waited for the FOMC announcement. Since then, breakout to the upside and tagged 100% absolute range expansion then stalled. Closed the week near Y+1 and above midpoint.
Outlook Pocket below B-0 asking for a test. That holds, retest of B+1 likely with potential for a run to year high.
Following is a chart showing the net gains from long only models that trade only on a particular weekday. The results are very interesting. Notice the drastic ...
S&P 500 Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Similar to NQ, ES consolidated around previous week close and waited for the FOMC announcement. Since then, breakout to the upside and tagged 100% absolute range expansion then stalled. Closed the week near Y+1 and above midpoint.
Outlook
Pocket below B-0 asking for a test. That holds, retest of B+1 likely with potential for a run to year high.
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