Mid day update: Previous week low and a flatter down channel is now supporting Emini S&P. Break below that, we get 50% range expansion off previous week range down to mid 2060s.
Up channel is already broken with down trend on 30-minute now clearly established.
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skippy June 8, 2015 at 7:39 pm
Globex chart offers a slightly different picture, but the same basic story. Why do you prefer RTH?
Lawrence's Comment
Recap
Going higher as expected. Consolidated around Y+1 at 50% previous week range. Zoomed up to upside target of Y+2 by end of week. Closed the week near ...
Overview
Emini overnight range 2056.50 up to 2074.75 (at 9:00 am)
Overnight Midpoint 2065.50
Previous Week Close 2063.50
Emini S&P is now trading at the top part of its range with ...
Lawrence's Comment
Recap
The selloff in the beginning of the week failed to produce a lower low to break the up trend. Rallied to new high by midweek due to ...
Recap of last week The red and yellow zone from last weekly outlook pretty much captured the complete range of ES, not bad. The additional resistance area at 1180 ...
Globex chart offers a slightly different picture, but the same basic story. Why do you prefer RTH?
Tried to upload a screenshot of my version of the channel chart but I got an error message, fyi…
Is this your chart?