Recap Y-0 did not act as resistance and NQ lifted ES up breaking above Y+1. That gives way to our normal upside target of Y+2. Y+2 was tagged and blocked ES from going higher. Closed the week above Y+1 and midpoint.
Outlook Breaking below B-0 will give us a quick drop to B-1 and likely B-2.
Lawrence's Comment
Recap
No time wasted on further compression. The pair simply break the lower boundary in 1 go. Not quite make it to Y-3. First bounce failed to push back up ...
Lawrence's Comment
Recap
As expected, Aussie moved lower to Y-2 and stopped when 100% absolute range expansion was reached. Closed the week near week low and below Y-2.
Outlook
Aussie followed the path of ...
S&P 500 Feb 20 to Feb 24 Outlook
Lawrence’s Comment
Y-0 did not act as resistance and NQ lifted ES up breaking above Y+1. That gives way to our normal upside target of Y+2. Y+2 was tagged and blocked ES from going higher. Closed the week above Y+1 and midpoint.
Outlook
Breaking below B-0 will give us a quick drop to B-1 and likely B-2.
B-0 acting as support we get a retest of B+1.
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