Recap Similar to Dow and NQ, ES is trapped between Y+1 and Y-0. Gaps all over the place. Closed the week near Y-0 and below midpoint.
Outlook Inside week with close near Y-0 gives us breakout mode. Hence on intraday basis, it will be easy to play once one boundary is rejected because we know ES will head for the other end. However, once a boundary is breached, Y+1 / B+1 or Y-0 / B-1, the price actions could become extremely volatile.
Lawrence's Comment
Recap
2-way play as expected. Y-0 resistance sent price down to near Y-1 and took off from there back up to equal distance from previous week close. Closed the week ...
Lawrence's Comment
Recap
Down side push resulted in a clean break out down to Y-2 target. Immediately price snap back above Y-1 and staged a run to Y+1 from the FBO against ...
S&P 500 Sep 07 to Sep 11 Outlook
Lawrence’s Comment
Similar to Dow and NQ, ES is trapped between Y+1 and Y-0. Gaps all over the place. Closed the week near Y-0 and below midpoint.
Outlook
Inside week with close near Y-0 gives us breakout mode. Hence on intraday basis, it will be easy to play once one boundary is rejected because we know ES will head for the other end. However, once a boundary is breached, Y+1 / B+1 or Y-0 / B-1, the price actions could become extremely volatile.
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