Recap Insanity continues as ES opened the week with a significant upside gap and then sold off straight down for 1 and 1/2 days with over 40 points range. Then ES went straight up and tagged the week high. Went sideway since. Closed the week above Y-0 and midpoint.
Outlook Potential weekly level pullback completed. As long as B-0 down to Y-1 is actng as support, looking for ES to move higher to B+2.
Lawrence's Comment
Recap
As expected we got a pullback and support was found above Y-0. Gave us a push to above Y+1. Closed the week above Y+1 and near week ...
Lawrence's Comment
Recap
Enough people thought that they are so smart in recognizing the Friday prior to lask week as some kind of capitulation, they got themselves into a wild ride ...
Lawrence's Comment
Recap
Limited upside done on Monday. Held onto 50% pullback from the swing low 2 weeks prior. Test of Monday high failed and stalled back down to Y-0. Closed the ...
S&P 500 Mar 04 to Mar 08 Outlook
Lawrence’s Comment
Insanity continues as ES opened the week with a significant upside gap and then sold off straight down for 1 and 1/2 days with over 40 points range. Then ES went straight up and tagged the week high. Went sideway since. Closed the week above Y-0 and midpoint.
Outlook
Potential weekly level pullback completed. As long as B-0 down to Y-1 is actng as support, looking for ES to move higher to B+2.
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