Recap First significant selloff this year. Took multiple try to flush ES yet it only dropped out 100% absolute range expansion and price already bounces back at once. Closed the week below midpoint and above Y-1.
Outlook If B-0 acting as resistance, we should get at least one flush back down to B-1. Unlike Dow, NQ and ES both are well below March high so they are exposed to the structural targets below. e.g. March low, 1st quarter mid, etc.
Lawrence's Comment
Recap
Consolidated around Y+1. It is expected since NQ just finished another squeeze up. Closed the week below Y+1 and near midpoint.
Outlook
As long as B-1 downto Y-0 acting ...
Lawrence's Comment
Recap
Previous week close support helped NQ pushing higher. 100% absolute range expansion completed. Closed the week above Y+2 and midpoint.
Outlook
NQ has been climbing higher with weakening breadth ...
S&P 500 Apr 22 to Apr 26 Outlook
Lawrence’s Comment
First significant selloff this year. Took multiple try to flush ES yet it only dropped out 100% absolute range expansion and price already bounces back at once. Closed the week below midpoint and above Y-1.
Outlook
If B-0 acting as resistance, we should get at least one flush back down to B-1. Unlike Dow, NQ and ES both are well below March high so they are exposed to the structural targets below. e.g. March low, 1st quarter mid, etc.
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