Recap Bullish expectation worked out with gaps above all taken care of. Op ex pinned Dow below 18000 round number at Y-0 maximizing the damage to both calls and puts buyers. Closed the week above Y-0 and midpoint.
Outlook Y-0 / B-0 strong support until proven otherwise. 3 weeks in a row with expanded range, yet all locked back in the same zone. Major indecision phase with more volatility both ways.
Lawrence's Comment
Recap
ES behaves more like NQ like week than Dow. Early in the week ES found support at 2000 round number zone and cleared Y-0 on 2nd try. Y-0 support ...
Lawrence's Comment
Recap
How wrong was I on NQ. Instead of a clean FBO Monday, NQ rejected the setup by not breaking the Monday low and instead gap and breakout upside. Tagged ...
Dow 30 Jun 22 to Jun 26 Outlook
Lawrence’s Comment
Bullish expectation worked out with gaps above all taken care of. Op ex pinned Dow below 18000 round number at Y-0 maximizing the damage to both calls and puts buyers. Closed the week above Y-0 and midpoint.
Outlook
Y-0 / B-0 strong support until proven otherwise. 3 weeks in a row with expanded range, yet all locked back in the same zone. Major indecision phase with more volatility both ways.
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