Mid-day Update: For Emini S&P, 1970-1990 has been the key battlefield over the past month and a half. It is also the middle zone for the year’s range so far.
2 channels on daily level has developed, one down channel (highlight in red) and one up channel (highlight in green). If Emini S&P fails to clear the down channel top here around 1970s, a retest of the up channel bottom will be in play.
Lawrence's Comment
Recap
See Dow comments for more info.
Outlook
Wide range week with exhaustion signs often points to inside week to follow. So normal expectation here is that ES will be trapped between ...
Emini S&P Back to Middle of Nowhere Oct 5, 2015
Mid-day Update: For Emini S&P, 1970-1990 has been the key battlefield over the past month and a half. It is also the middle zone for the year’s range so far.
2 channels on daily level has developed, one down channel (highlight in red) and one up channel (highlight in green). If Emini S&P fails to clear the down channel top here around 1970s, a retest of the up channel bottom will be in play.
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