Recap Gap down to 3900 and staged a fight back up to Y-1 but failed to get there until the 3rd try. Y-1 cleared but 100% absolute range limited the upside. Closed the week above Y-1 and near week high.
Outlook More upside likely but the gap below will likely be taken care of within a week or two.
Overview
Emini overnight range 1908.25 up to 1938.75 (at 8:39 am)
Overnight Midpoint 1923.50
Previous Week High 1927.25
Emini S&P is now trading at the top part of its range with ...
Nasdaq 100 Aug 31 to Sep 04 Outlook
Lawrence’s Comment
Gap down to 3900 and staged a fight back up to Y-1 but failed to get there until the 3rd try. Y-1 cleared but 100% absolute range limited the upside. Closed the week above Y-1 and near week high.
Outlook
More upside likely but the gap below will likely be taken care of within a week or two.
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