Recap ES bull flag on 30-min and hourly landed at Y-0 support. Strong squeeze on the shorts led to breakout of Y+1. Closed the week above Y+1 and near week high.
Outlook 3rd leg up points to B+2 / Y+2 zone. That’s also key daily / weekly resistance for multiple reasons. Potential completion of the bounce from year low.
Lawrence's Comment
Recap
First move in the week caught me by surprise - zoomed to Y+2 first before stalling back down to Y-1. Closed the week near week low.
Outlook
Last week ...
Lawrence's Comment
Recap
Aussie consolidated in tight range. First drift up was met with sellers right above Y-0. stuck in tight range since. Closed the week below Y-0 and near midpoint.
Outlook
Inside week. ...
S&P 500 Mar 14 to Mar 18 Outlook
Lawrence’s Comment
ES bull flag on 30-min and hourly landed at Y-0 support. Strong squeeze on the shorts led to breakout of Y+1. Closed the week above Y+1 and near week high.
Outlook
3rd leg up points to B+2 / Y+2 zone. That’s also key daily / weekly resistance for multiple reasons. Potential completion of the bounce from year low.
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