Recap Dow could not hold above Y-1 leading to continuation sell down to below Y-2. Formed double bottom and zoomed higher back up to above Y-1 and initiated a squeeze to Y-0. Closed the week at Y-0 and near week high.
Outlook NFP week ended like a normal NFP week. So it is likely to play out like a normal post NFP Monday and Tuesday.
Very violent price swings are expected with limited upside potential.
Overview
Emini overnight range 2110.00 up to 2087.50 (at 9:10 am)
Overnight Midpoint 2098.75
Previous Week Close 2093.75
Emini S&P is now trading at the top part of its range with ...
Dow 30 Feb 10 to Feb 14 Outlook
Lawrence’s Comment
Dow could not hold above Y-1 leading to continuation sell down to below Y-2. Formed double bottom and zoomed higher back up to above Y-1 and initiated a squeeze to Y-0. Closed the week at Y-0 and near week high.
Outlook
NFP week ended like a normal NFP week. So it is likely to play out like a normal post NFP Monday and Tuesday.
Very violent price swings are expected with limited upside potential.
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