Recap Unfolded completely as expected. Failed at Y+1 as resistance, sold off back down to 1100 area. Closed the week below Y-1.
Outlook A retest of B-1 is expected but difficult to engage on a swing basis. The gap is of almost 30 points in range and news shock can easily send ES up to fill the gap above first thus killing most of the downside potential.
Daytrading is preferred in dealing with late stage flush mode situation like now.
Lawrence's Comment
Recap
Gave us a beautiful reversal right off the start of the week with Y+2 target tagged with no heat. Y+1 support since. Ran straight up to Y+3 target before ...
Overview
Emini overnight range 1802.50 up to 1848.50 (at 7:45 am)
Overnight Midpoint 1825.50
Privous Year Low 1831.00
Emini S&P is now trading at the bottom part of its range with ...
S&P 500 Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Unfolded completely as expected. Failed at Y+1 as resistance, sold off back down to 1100 area. Closed the week below Y-1.
Outlook
A retest of B-1 is expected but difficult to engage on a swing basis. The gap is of almost 30 points in range and news shock can easily send ES up to fill the gap above first thus killing most of the downside potential.
Daytrading is preferred in dealing with late stage flush mode situation like now.
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