Emini S&P Back Inside the Same Old Congestion Zone Aug 4, 2015
By Lawrence
Pre-Open Update: Non-Farm Payroll Week script in play. Monday found support at previous week midpoint. According to STOPD we know what to expect from here – clearing Monday high will likely give way to 2130s.
Last time I posted that 2056 matters and obviously the bulls did their part to defend the zone.
Review of Forecast for Oct 10, 2016
Forecast of 2% breakdown move was spot on. As expected, swing top formed. The breadth analog model did a perfect job last week.
Forecast Starting ...
Lawrence's Comment
Recap
Looks almost exactly like Dow. See Dow comments for recap.
Outlook
Bullish scenario - if Y-1 acts as support, we get B+2.
Bearish scenario - measured move target from week low ...
Emini S&P Back Inside the Same Old Congestion Zone Aug 4, 2015
Pre-Open Update: Non-Farm Payroll Week script in play. Monday found support at previous week midpoint. According to STOPD we know what to expect from here – clearing Monday high will likely give way to 2130s.
Last time I posted that 2056 matters and obviously the bulls did their part to defend the zone.
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