Recap Consolidation week before Memorial holiday is the norm and we got exactly that last week. Tight range consolidation around Y+1. Closed the week below Y+1 and midpoint.
Outlook Mild bearish reading in custom market breadth points to pullback on daily in the making. Once B-1 is breached, we can expect 100% expansion to the downside for which last week was extreme tight range.
Overview
Emini overnight range 2077.75 up to 2089.00 (at 9:00 am)
Overnight Midpoint 2083.50
Previous Week Close 2073.50
Emini S&P is now trading at the bottom part of its range with ...
Lawrence's Comment
Recap
First thing first, ES slided down to my target Y-2. Support was found and ES started to drift higher. At 100% range expansion, ES could no longer sustain itself ...
Dow 30 May 25 to May 29 Outlook
Lawrence’s Comment
Consolidation week before Memorial holiday is the norm and we got exactly that last week. Tight range consolidation around Y+1. Closed the week below Y+1 and midpoint.
Outlook
Mild bearish reading in custom market breadth points to pullback on daily in the making. Once B-1 is breached, we can expect 100% expansion to the downside for which last week was extreme tight range.
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