S&P 500 Mar 07 to Mar 11 Outlook

By News Robot

Lawrence’s Comment

Recap
All week updrift from near Y-0 fitted the NFP play perfectly. Y+2 target tagged without any real resistance. Clsoed the week near Y+2 and above midpoint.

Outlook
Parabolic run usually marks the short term top. It is especially reliable when the trend was in place for prolonged duration. A drop back down to Y+1 and below is in order if we get FBO B+1 or that ES simply cannot clear B+1.

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