Recap ES pushed higher as expected. Month end bias kicked in on Thursday and Friday following the usual month end script. Closed the week above Y-0 and near week low.
Outlook All week consolidation with no strong push in either direction tells us that ES absorbed the daily up move very well. Y-0 / B-1 now support for more upside this coming NFP week.
Lawrence's Comment
Recap
Wedged downward in the beginning of the week hinted a short term bounce was in play. Bounced back up until 50% range reached. Stalled from there and ...
Lawrence's Comment
Recap
Aussie breached Y-0 and gave us a nice drop to Y-1. Failed to hold Y-1 and broke down to Y-2 and then Y-3 before it could bounce. Y-2 resistance ...
S&P 500 Mar 02 to Mar 06 Outlook
Lawrence’s Comment
ES pushed higher as expected. Month end bias kicked in on Thursday and Friday following the usual month end script. Closed the week above Y-0 and near week low.
Outlook
All week consolidation with no strong push in either direction tells us that ES absorbed the daily up move very well. Y-0 / B-1 now support for more upside this coming NFP week.
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