Recap ES sold off as expected from slightly higher high above Y+1. What was not expected was that Y-2 was not tagged. Closed the week below midpoint and Y-0
Outlook Outside down week. Closed within previous week range though. So not as bearish as NQ. Ran back up to near B-0 due to clear PPT activities.
As long as B-0 / gap fill acts as resistance, more downside is expected.
Lawrence's Comment
Recap
ES acted as bullish as it can be as expected last week. But that strength disappeared when the fiscal cliff talks taking over the media. During Thursday ...
S&P 500 Apr 08 to Apr 12 Outlook
Lawrence’s Comment
ES sold off as expected from slightly higher high above Y+1. What was not expected was that Y-2 was not tagged. Closed the week below midpoint and Y-0
Outlook
Outside down week. Closed within previous week range though. So not as bearish as NQ. Ran back up to near B-0 due to clear PPT activities.
As long as B-0 / gap fill acts as resistance, more downside is expected.
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