Recap Pushed higher to the resistance zone as mentioned last week and sold off from there. Gapped down to Y-0 eventually but buying below forced ES back up. Closed the week above Y-0 and near midpoint.
Outlook B-0 resistance will give us a retest of B-1 and below. Strong support at the open gap below B-2 / Y-1 but also a strong magnet pulling ES down.
Lawrence's Comment
Recap
Inside week. Held right above Y-1 and blasted off higher. Thought it may break above Y+1, the original upside target, yet failed to do so, giving us ...
Lawrence's Comment
Recap
Bounced off Y-1 area in the beginning of the week but failed to clear Y-0. Dropped to below Y-1. As expected Japnese government intervened. Closed the week at week ...
Review of Forecast for Jul 20, 2015
Bearish bias worked out perfectly as Monday formed the top. S&P dropped to the 1.5% mark which led to further downside into the end ...
S&P 500 Mar 28 to Apr 01 Outlook
Lawrence’s Comment
Pushed higher to the resistance zone as mentioned last week and sold off from there. Gapped down to Y-0 eventually but buying below forced ES back up. Closed the week above Y-0 and near midpoint.
Outlook
B-0 resistance will give us a retest of B-1 and below. Strong support at the open gap below B-2 / Y-1 but also a strong magnet pulling ES down.
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