Recap Bounced slightly stronger than my expectation. Tagged Y-0 but failed to hold above the midpoint. Trapped within the range all week since. Closed the week above midpoint.
Outlook Breakout mode. Above B+1 looking for B+2 and B+3. Below B-1 quick dump to B-2 and then B-3.
Lawrence's Comment
Recap
Early part of the week was an attempt to hold the previous week low (Y-1) area. But we knew that the strong rejection at Y+1 implied the likely ...
Lawrence's Comment
Recap
Y-1 support gave us test of Y-0 and above resistance. Failed to hold above Y-0 gave us retest of Y-1 and a break down to Y-2. Closed the week ...
S&P 500 May 28 to Jun 01 Outlook
Lawrence’s Comment
Bounced slightly stronger than my expectation. Tagged Y-0 but failed to hold above the midpoint. Trapped within the range all week since. Closed the week above midpoint.
Outlook
Breakout mode. Above B+1 looking for B+2 and B+3. Below B-1 quick dump to B-2 and then B-3.
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