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.
Lawrence's Comment
Recap
Aussie bounced with the rest of the majors due to dovish expectation / rumors all week. As expected, Y-0 was tested aftter Y-1 acted as support. Wild swings around ...
Lawrence's Comment
Recap
Y-0 support and then breakout to the upside. 100% absolute range expansion stopped the rally. Closed the week above Y+1 and midpoint.
Outlook
Y+1 / B-0 support for the ...
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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