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
My bullish view is proven correct. Y+1 was tested mid week and eventually taken out by end of the week. Closed the week above Y+1.
Outlook
Weekly and monthly ...
Lawrence's Comment
Recap
Pushed towards Y+1 as expected. Then news shock sending cable back down to Y-1. Yet Y-1 acted as support and forced cable to approach Y+1 again.
Outlook
A test ...
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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