Overview
Emini overnight range 1970.75 up to 1984.50 (at 9:05 am)
Overnight Midpoint 1977.50
Previous Day Close 1975.50
Emini S&P is now trading at the bottom part of its range with ...
Lawrence's Comment
Recap
No further selloff. Rallied straight up from the bottom of the established range to the top of the range in a week. Closed the week above Y+1.
Outlook
Outside ...
Dow 30 Jan 23 to Jan 27 Outlook
Lawrence’s Comment
euro zone development killed the potential selloff. Short squeeze breakout normal target to Y+2 / Y+3 completed. Closed the week at Y+3.
Outlook
At the cost of driving away normal investors, once again we witness rally with no volume. Pullback from such rally are very quick and steep.
Somewhere below Y+4 will put a cap to this squeeze and if Dow quickly drop below B+1, Dow will collapse back down to Y-0 easily.
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