Recap ES went sideway all week until Friday. News from Europe helped ES clearing the 2100 resistance finally and zoomed straight up. Closed the week above Y+1 and at week high.
Outlook As I told my newsletter subscribers, ES is expected to move higher into end of February. Everything is on schedule and Y+2 / B+2 target should not be a problem.
Lawrence's Comment
Recap
As mentioned last week, strong support at Y-0 with more upside expected. Unfolded without surprise. Closed the week above Y+1 and midpoint.
Outlook
Aussie and Lonnie are both under the influence ...
S&P 500 Feb 23 to Feb 27 Outlook
Lawrence’s Comment
ES went sideway all week until Friday. News from Europe helped ES clearing the 2100 resistance finally and zoomed straight up. Closed the week above Y+1 and at week high.
Outlook
As I told my newsletter subscribers, ES is expected to move higher into end of February. Everything is on schedule and Y+2 / B+2 target should not be a problem.
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