Recap ES gapped above Y-0 and sparked a squeeze back up to Y+1. Y+1 resistance sent ES back down to Y-0 and below. ES attempted to fill the gap below. Closed the week near Y-0 and below midpoint.
Outlook Y-0 / B-0 resistance for the completion of gap fill below. B-2 test likely results in all out sell off down to B-3.
Lawrence's Comment
Recap
Failed to hold up at the top support area and fell off the cliff like Dow. Closed the week tagging Y-1.
Outlook
Outside down week and closed almost at the ...
S&P 500 Sep 14 to Sep 18 Outlook
Lawrence’s Comment
ES gapped above Y-0 and sparked a squeeze back up to Y+1. Y+1 resistance sent ES back down to Y-0 and below. ES attempted to fill the gap below. Closed the week near Y-0 and below midpoint.
Outlook
Y-0 / B-0 resistance for the completion of gap fill below. B-2 test likely results in all out sell off down to B-3.
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