Recap Consolidation around Y+1 at equal distance. 50% range bounded the week nicely. Closed the week near Y+1 and midpoint.
Outlook As long as B+1 acting as resistance we are looking for at least filling one open gap below. That points to below B-1 price level likely and Y-0 / B-2 target.
Overview
Emini overnight range 2126.50 to 2136.75 (at 9:00 am)
Overnight Midpoint 2131.50
Previous Week Close 2127.00
Battleplan for the Day
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End of day update after July 2, 2015 close: SPY is stuck right at the head and shoulder neckline waiting for the results from Greece over the weekend. SPY ...
Dow 30 Nov 02 to Nov 06 Outlook
Lawrence’s Comment
Consolidation around Y+1 at equal distance. 50% range bounded the week nicely. Closed the week near Y+1 and midpoint.
Outlook
As long as B+1 acting as resistance we are looking for at least filling one open gap below. That points to below B-1 price level likely and Y-0 / B-2 target.
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